Inheritance taxes and charity bequests discussed
Dear readers discuss state inheritance taxes and federal exemption amounts. A.S. questions fairness and Bruce notes state taxes vary and a $600,000 federal exemption exists. L.D. asks about using shares for scholarships after death. Bruce advises contacting institutions to set up bequests and to plan for ongoing care with legal help at their expense. The tone favors thoughtful planning and charity.
MENTIONED IN THIS ARTICLE
Bruce
A.S
Elmira
L.D
Santa Maria
Calif
Questions for Smart Money Column Opens Mailbag
Readers may send questions to Smart Money at P O Box 503 Elfers Florida 24680 or via the email bethlilgte net General interest queries will be answered in future columns Personal replies cannot be provided due to high volume
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Smart Money
P.O
Elfers
Bethlilgte
Merrill Lynch to lay off 3 000 workers worldwide
Merrill Lynch plans the largest round of job cuts in the current turmoil announcing 3000 layoffs across its global staff of 64000. The reductions hit fixed income and emerging markets, with Moscow shrinking from 17 to under half. Citigroup and other banks also trimming staff amid earnings shifts.
MENTIONED IN THIS ARTICLE
New York
Merrill Lynch
U.S
Citigroup
Citicorp
Travelers Group
Merrill
Moscow
ING Barings
Daiwa Securities
Japan
Bobel's Office Plus expands to Amherst site
Bobel's Office Plus opened at 1953 Cooper Foster Park Rd in Amherst occupying a 3,300 square foot former supermarket. John Bobel, vice president, says the move from Elyria and Lorain improves stock to 3,500 SKUs and boosts furniture sales and service in a highly competitive market.
MENTIONED IN THIS ARTICLE
Amherst
Bobel’s
John Bobel
Elyria
Lorain
Cooper Foster Park Rd
Bobel
Libby Adkins
Insurers face more criticism over Medicare HMO losses
Anthem Blue Cross and Blue Shield faced hospital complaints over billed costs from the Medicare HMO risk pools in Senior Advantage after ending the money-losing program in 22 Ohio counties. Hospitals say details on deficits and charges are lacking while Anthem defends the arrangement as common and says patient care remains unaffected.
MENTIONED IN THIS ARTICLE
Dayton
Anthem Blue Cross
Blue Shield
Ohio
Anthem
Robin Nichols
Greene Memorial Hospital
Tve
Dayton-area
Senior Advantage
Nichols
Kendra Overbeck
Overbeck
Opening Stocks Early Most Active Stocks on Wall Street
Early NYSE prices show mixed performance for active stocks with Amas, At&T, IBM, Coca Cola, Exxon among notable moves. Investors watch cross sector changes as volumes shift and modest gains and losses appear across multiple blue chips.
MENTIONED IN THIS ARTICLE
New York
NYSE
de AberFitch
Atcoa
Amocos
Dave Zip
NYS
BkBosis
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Bruce Williams
Wall Street
Kets
Spain
Santander Investment
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Europe
Flemings of
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London
Bobel and Business Associates
Babel
Ada
Lynda Ryan
Cader
DuPont
Exxon
BOM Bing
Fords
FredMac Furnas
GniMolr
Gillettes
Ghbm
Goodyea
Halfibtr
Himgts
Hithsth
Hewlett Hilton
Homebp
Hmstke Houshint
Indyenac
IBM
InPap
X Mat
Bog Lehane
Ulyel
Toval
Lowes
MSC Ind
Monson
Morgan BO
WalMart
Akin Investment Securities
Walnut Street Securities, Inc
NASD
SIPC
AISG
Allied Corporation
Allies
American Greetings
Bob Evans Farms
Cedar Fair
Chrysler
Columbia Energy Cvs
First Energy
Ford Motor
General Motors
BF Goodrich
Dent
Invacare Corp
Keycorp
Rough Lear
LTV
LNB Bancorp
Lesco Inc
Limited
Mid-Am. Inc. NA Nordson
Northern Savings Me P.N.C. Corp
Parker Hannifin
RPM Inc
Sherwin Wiliams
T.rw
York International Secution
Street Secur‘tes, Inc
Aneet Managere
Ennlhiye