The Farmville herald and farmer-leader. (Farmville, Va.) 1934-1957, 1953-11-10
Babson Diseus ses
WILLS"

New Boston. N. H. October %
1852 In view Of my recent column
on the Importance Of Trust Funds
for children and others, | must
today refer to the recent terrible
Kidnapping and murder OF the
GreenleaSe OF Kansas City.
What Cause the kidnapping?
Apparently Carl Hall. a son of
a reputable citizen, was the cause
of this frightful crime. Although |
Cayl Halls father knew that his
boy was rather unstable yet he
left him 100000 Of property out
right If Carl had been poor
boy and trained to work, the
crime might never have occurred.
Or. if the father had left his boy,
Carl the money III Trust it prob
ably never would have happened
Unfortunately money was left
to the Hall boy outright. enabling
him TO live like a drunken sailor"
as long as it lasted but when it
was gone he was pennlleSs. left
in the gutter Young Hall could
not readiust himself to these
changed conditions He sought to
devise a plan to again get a
fortune for nothing This kidnap-
ping was his solution Hence
the crime. murder. disgrace and
grief which came With it re-
peat that if the money had been
left IN Trust so that the boy re-
ceiyed a fam sum from the bank
each month. the crime might not
have happened. SO much for this.
Have You an Up to Date Will?
Now let me discuss WILLS,
which must come before any
Trust Fund can be provided
There are very important reasons
for everyone to make and const-
antly revise a WILL. Perhaps
your wife may die first. or you
both get killed together in an au-
tomobile accident. Perhaps some
relative Of hers twhom you do not
likel would get her share of your
property Your wife might cut off
one OF your children or ali of the
grandchildren if she married
again
If you have not made a WILL
you should consult your lawyer
tomorrow First, find out to whom
your property would go if you
died now His answer will sur
prise YOU Second. ask him what
could happen to your lifes earn
ings and savings if your wife
should marry again. Gould she
cut off your own children and re-
latiVeS?t Third, could one Of
your own children marry and give
or loan her part to her husband
or lose in some business or invest
ment? Fourth, are you absolutely
protecting your grandchildren?
What About Taxes?
Assume you may die tomorrow
and leave. with on without q
WILL. considerable property to
your wife Your estate might be
liable for a heavy tax upon this,
Then assume that in few years
your wife should die and your
children inherit this money. This
could result in a second tax. In
fact, without WILL the grand
children might get very little
You'd better leave your Wifes
share. at your death, to a Trust
Company in trust for your child
rem and grandchildren. with this
provision So long as your wife
lives, she is to have the income. |
At her death, your children can
have the income. When your
grandchildren reach a certain
age SAY 26 years after the death |
OF your wife and their mother, (
they are to gradually get the
principal. as well as the income, /.
Relatives and Charities
Have you an aunt OF cousin who 4
was very good 10 you when you /
were young? These you can re-
member only by a WILL! On the /
other hand, without a WILL your /
estate could go to distant relatives
whom you never knew. Remember
you can easily remember these
old relatives and friends by add
ing simple codicil, which your
lawyer can quickly draw. Do it
now. Never sign any paper while
in your last illness Be sure the
original Of your WILL and ALL
are in the custody of
a bank, with only copies in your