Newspaper Page Text
Tidbits
ALABAMA— In 1922, WSY Radio in Birming
ham signed on as the states first radio station and was
owned by Alabama Power Co. The company later
donated the broadcasting equipment to Alabama
Polytechnic University in Auburn, now Auburn Uni
versity, where its call letters were changed to WAPI. In
1928, die station returned to Birmingham.
ARKANSAS —Established in 1836, Benton
County and its county seat of Bentonville (pop.
19,730) are named in honor of U.S. Sen. Thomas
Hart Benton of Missouri, who played a key role in
Arkansas' admission into the Union.
FLORI DA— Lake Placid (pop. 1,668) long has at
tracted attention far its outdoor murals, but artists also
have transformed trashcans into the shapes of a bear and
beehive, a giant bottle of gum turpentine, a train engine,
clown and a jack-in-the-box.
GEORGIA —-The Waving Girl statue in Savan
nah immortalizes Florence Martus (1869-1943), who
lived near the entrance to Savannah Harbor and, ac
cording to local lore, waved to every ship entering and
leaving the harbor for 44 years.
ADVERTISEMENT
Senior Citizens with Money in the Bank
Should Read This Before lt # s Too Late
If you have worked hard all your life and managed to
put away a nest egg, you might end up losing most of
your life savings because of a defect in Medicare.
If you or your spouse suddenly become ill and require
extended nursing home care...NO ONE will help you
with the nursing home bills. Medicare won't and neither
will your health insurance. By law you are responsible for
the nursing home bills yourself. Only after you have used
up virtually all of your money, will Medicaid step in.
That's because Medicaid, like Welfare, only aids the poor.
By some estimates, the average couple’s life savings can
be wiped out after only 13 weeks of nursing home care.
Rich people don't have to worry because they can
afford super-expensive special nursing home insurance,
while the poor are taken care of by Medicaid.
Now that just doesn't seem fair to working people with
a lifetime of hard-earned savings. The system they have
supported with tax dollars, seems to have forgotten them.
Savings intended to provide security in retirement, or help
for children, can quickly go up in smoke.
The fact is, if you don't know how to protect your
assets, here's what can happen to you. By law, before
Medicaid will pay nursing home bills, you may have to
spend all your countable assets except S2(XX) (or as low as
SISOO in some states). Countable assets mean not only
money in checking and savings accounts...but also any
funds in CD's. IRA’s, Savings Bonds, Mutual Funds,
stocks, whole life insurance, annuities and other types of
investments, as well as most trust assets.
They can also take a vacation home or a second car. In
Did You
Know...
KENTUCKY —After a $1 million renovation,
the Civil War-era Goddard Bridge in Fleming County
(pop. 13,792) reopened last August. Kentucky is the
nations first state to pass legislation requiring a cov
ered-bridge expert for preservation projects costing
more than $50,000, along with public input.
LOUISIANA —Founded in 1953, Fluker’s in
Port Allen (pop. 5,278) is among the nation's oldest
and largest cricket farms. Millions of crickets are bred
and sold—primarily to pet stores —by the farm each
week. The insects also are covered with chocolate and
sold for human treats.
MISSISSIPPI —Following a $25 million renova
tion, the curtain rose last September on the Mississippi
State University Riley Center in downtown Mendian
(pop. 39,968). The education and performing arts center
incorporates the 1890 Grand Opera House and Marks
Rothenberg department store.
NORTH CAROLINA —A starionary antique
red British double-decker bus is a welcome sight in down
town Asheville (pop. 68,889), where the Double Decker
Coffee Co. serves up coffee, milkshakes and desserts.
addition, (except for a small personal spending allowance
and a health insurance payment allowance) your entire
Social Security or pension check can be taken to cover
nursing home expenses. What’s more, if you are single or
widowed, you can even lose your house.
According to the federal law called the Spousal
Impoverishment Act, if one spouse requires extended
nursing home care, the healthy spouse can be forced to
surrender HALF of their combined countable assets. And
if you have a sizeable estate, thev can legally take MORE
THAN HALF.
Is there anything you can do to stop this nightmare
from happening to you? Yes. You are protected by law and
can use several legal techniques to place your countable
(or vulnerable) assets into the uncountable (or protected)
category. The problem is. most people are not aware of
their legal rights. Unfortunately, most people think
Medicare will take care of them, so they unknowingly
leave their assets vulnerable and in jeopardy.
Your legal rights and the many methods of protecting
your money are now revealed in "How to Protect Your
Financial Security." This financial self-defense manual
tells you simple legal procedures for preserving your
money and warns of pitfalls to avoid. Here is some of the
valuable material you learn:
• Legal ways to turn countable (or vulnerable) assets
into uncountable (or protected) assets
• How to protect your house from being sold to pay
your nursing home bills
• How to protect a second car or vacation home
• If you give vour money to your children without
CALL NQW FQR YOUR FRMHjOH DEFINITION DIGITAL VIDEO RECORDER UPGRADE
i ftesasssi' m-ziL
380-3075 M bImK
SOUTH CAROLINA —Poet Marjory Heath
Wentworth of Mount Pleasant (pop. 47,609) was ap
pointed stare poet laureate in 2(X)3. Her bcxiks of poetry
include Nightjars and What the Water Gives Ale.
TENNESSEE— In 1962, former University of
Tennessee broadcaster George Mooney found a faster
route to the bustling football games at Neyland Sta
dium. He navigated his little runabout down the Ten
nessee River and spawned what would become the
“Volunteer Navy.” Today, about 200 boats comprise
the giant floating tailgate party. Tennessee is one of
only a handful of universities with stadiums adjacent
to the water.
VIRGIN I A-Ciay T. Armstrong of Mechanics
ville (pop. 30,464) hooked the state record striped bass
last March with a 68-pound, 1-ounce whopper caught
in the Atlantic Ocean just south of the Sandbndge area
of Virginia Beach.
WEST VIRGINIA —For 50 years, die Rev.
Charles P. Wood in Hinton (pop. 2,880) collected more
than SCX) clocks, which tick away today at the Wood Me
morial Clock Museum in Hinton.
following these precise guidelines, a nursing home
could get your money anyhow
• What you need to know about Living Trusts
• What lawyers never tell you about protecting your
will
As a hard-working taxpayer, you have a legal right to
protect your life savings for yourself, your spouse or your
heirs. You don't have to be rich to have peace of mind. You
just have to follow the easy steps outlined in “How to
Protect Your Financial Security.”
Although "How to Protect Your Financial Security”
can easily save you thousands of dollars, the price is very
reasonable. Right now, you can receive a special press run
for only $12.95 plus S2.(X) postage and handling. It is not
available in any bookstore. It is only available through this
special offer on a 90 day Money Back Guarantee. If you
are dissatisfied in any way. just return it in 90 days for a
full refund, no questions asked.
Order an extra copy for family or friend and SAVE.
You can order 2 for only S2O total.
HERE’S HOW TO ORDER: Just PRINT your name
and address and the words “Financial Security" on a piece
of paper and mail it along with a check or money order 10:
THE LEADER CO.. INC.. Publishing Division. Dept.
F8X671. P.O. Box 8347. Canton, OH 44711. (Make
checks payable to The Leader Co., Inc.) VISA or
Master Card, send card number and expiration date. Act
now. Don’t leave your assets in jeopardy.
©2(X)7 The Leader Co.. Inc.