Archer County News (Archer City, Tex.), No. 53, Ed. 1 Thursday, December 31, 2009 Page: 3 of 10
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The Archer County News - Thursday, December 31,2009 - Page Three
DeMoss completes
basic training
Air Force Airman John B.
DeMoss graduated from basic
military training at Lackland Air
Force Base, San Antonio, Texas.
The airman completed an in-
tensive, eight-week program that
included training in military dis-
cipline and studies, Air Force
core values, physical fitness, and
basic warfare principles and
skills.
Airmen who complete basic
training earn four credits toward
an associate in applied science
degree through the Community
College of the Air Force.
He is the son of John DeMoss
of Young Road, Archer City,
Texas, and brother of Bryan
DeMoss of White Oak Lane,
CHECK IT OUT
ARCHER PUBLIC LIBRARY
by Cheryl Beesinger
J FINANCIAL FOCUS
I by Grady R. Schenk, Jr.
I
I
I
Q
John B. DeMoss
Splendora, Te^as.
DeMoss graduated in 2002
from Splendora High School,
and received an associate de-
gree in 2007 from ITT Techni-
cal Institute, Houston, Texas.
DEADLINE
Photos, Articles & Display Ads|
MONDAY, 5 PM
■M-a-o-a
The Archer Public Library was
used by five hundred twelve
patrons during the week of
November 2-6. Four hundred
eighty books and two hundred
forty-seven videos were
checked out during that time.
Thank you to Honali Austin
for her donation in memory of
Pat Tucker.
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It is dusk on an Amish farm in
Ohio. Will's father does not
recognize him at first-it's been
eight years-so he holds a lit
match up to Will's face to see
him better.
"I thought you were dead,"
Levi Mullet says, then blows
out the match and walks away.
This is not how it's supposed
to be. Where's the fatted calf?
The party?
For years, Will has worked to
overcome "the ban" of his father
and the Old Order Amish
community. Only now, when
the life of his own son hangs in
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the balance, does he begin to see
the truth-that love is the proof of
God, and forgiveness the proof
of love.
Check out this new
inspirational fiction, Levi's Will
by W. Dale Cramer at the Archer
Public Library today.
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Can a secret be kept forever?
Five years ago, Shannon Astor
left the beautiful high-mountain
town in West Texas as a single
mother. She was desperate for a
fresh start-and to keep the secrets
of her past buried. It almost
worked.
Until a chance to make a better
life for her daughter finds her
ripped from home, thrust back
to the very place of the past
betrayals.
But it also leads Shannon to
horse-trainer Jack MacGowan-
her handsome high-school
nemesis, now a widowed father.
His daughter looks so startlingly
like her own that Shannon can't
help but question the
circumstances surrounding her
daughter's birth. Wary of each
other's intentions, Shannon and
Jack reluctantly join forces to
untangle a deep mystery that
swirls around Shannon's parents,
a lost Spanish treasure, and a
legendary black stallion.
If Shannon can learn to entrust
her secrets to the man falling in
love with her, the truth just might
set her free.
Check out Lonestar Secrets
by Colleen Coble at the Archer
Public Library.
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The Archer Public Library will
close for New Year's on
December 31 at 5:00 p.m. and
will reopen Monday, January 4
at 9 a.m.
START PLANNING NOW TO
COPE WITH ESTATE TAXES
Throughout your life, you
strive to provide financial
security to your family. And your
efforts can extend beyond your
lifetime - if you work to control
estate taxes. It's always
challenging to create financial
strategies that are somewhat
dependent on tax laws, because
these laws are always changing.
In 2009, your estate could have
passed up to $3.5 million to your
heirs before incurring federal
estate taxes at a maximum rate
of 45 percent. In 2010, the estate
tax was scheduled to be repealed,
but in 2011, it was supposed to
return, with a maximum
exemption of $1 million and a
top rate of 55 percent. But this
may change, as Congress is
considering extending the 2009
exemption and tax rate figures
into 2010, 2011 and possibly
even further. You might think
you'll never have enough wealth
to incur these taxes, but virtually
every asset - your home, cars,
life insurance policy, IRA and
401 (k) - may be included in your
taxable estate. These assets could
push your estate over the
exemption amount, costing your
heirs a substantial amount in
estate taxes.To help address this
potential problem, you might
want to think about some of the
following estate considerations.
For example, if you owned a $ 1
million dollar life insurance
policy, and it was subject to an
estate tax rate of 45 percent,
your beneficiaries would receive
a death benefit of just $550,000.
But if you established an
irrevocable life insurance trust
(ILIT) with a new insurance
policy, the trust would own the
policy and distribute the
proceeds to the beneficiaries
you've chosen. By using an ILIT,
you'd keep the life insurance out
of your taxable estate.Another
estate planning consideration is
a charitable remainder trust,
which might be useful if you
have a sizable amount of assets,
such as stocks, that have
significantly appreciated since
you bought them. If you kept
these assets in your estate, your
heirs would inherit them on a
"stepped-up" basis, which, in
plain English, means the value
of the stocks would be the same
as their fair market value on the
date of your death. (However, in
2010 - and 2010 only- the step-
up basis is limited to $ 1.3 million
for your children or other heirs
and $3 million for your surviving
spouse. Beyond those figures,
your heirs would assume, or
carry over, your basis - the
amount you paid for the assets.
In 2011, full step-up is scheduled
to return.) All stocks, and
especially those that receive
step-up treatment, could add to
your heirs' estate tax burden.
But you could remove the stocks
from your taxable estate by
placing them in a charitable
remainder trust. Furthermore,
you could receive an income
stream for life once the trust
sold the stocks. You could then
use this income to make gifts to
your loved ones, further
reducing the size of your taxable
estate. You can give up to
$13,000 per year to as many
individuals as you like without
incurring gift taxes, up to $1
million over your
lifetime.Before making any
decisions related to estate taxes,
consult with your estate planning
professional and your tax
advisor. Vehicles such as life
insurance trusts and charitable
trusts are complex and don't lend
themselves to "do-it-yourself
solutions. Start thinking soon
about estate tax issues. By
putting your estate plans in order
early, you could be helping your
loved ones far into the future.
74 4543
Oodles
SUPERMARKET
Archer City
574-4543
Jalapeno
Peppers 89 4 /ib
1 Money Orders
Western Union
Yellow
Onions 2 ibs/S 1
Postage Stamps
1 Checks Cashed
Roasted/Salted
GROCERIES
Customer services
Gift Certificates
BEVERAGES
aififflinn
Busch
Keystone 19*99
Full Service Grocery Store Coors It/Bud/Bud
1 IQualitv Meats & Produce Lt./Miller Lite
LCeMulgrOn|_^Auth^ealer is pack cans • m 09
Peanuts 111,2/$ 3
Red Hothouse
Tomatoes 1.99/n»
r-
Healthy Choice
Soup
Asst.
15 oz
Chuck
Steaks
Whole Cut-Up
s, [Fryers 99 <
Del Monte
Canned
Fruit
■Ar:, 2^3
rShurfine
Sherbert
/ Afe'xas Brick
■Chilli
2”
Wolf No Beans
Chili 4/„z5
Shurfine
Asst.
.5 gal
3
* ^Assorted
Hamburge
Helper *_
3/^5
Blackey
eas 2
Bar-S
Bacon
Franks694
NCoors/Coors Lt/
Bud/Bud Lt./Miller
Suitcases
19.99
Natural Lt 1 8.99
ellogg's Special
Asst.
12 oz
Shurfine
Snack
Mix
2/
Asst.
15 oz
$3
12 oz
y v
_-Cooked
Ham 2/
SJl
Kraft A$st.
8 oz
■J5
Shurfine
Cheese
Asst.
16 oz
FOR YOUR CONVENIENCE
WE ACCEPT THESE QUALITY CARDS
VISA
\
^steTcar^j^^^
\ A
y
4 A.M.-IO P.M. - Mon. thru Fri.
Open 5 A.M. weekends
WE ACCEPT FOOD STAMPS & WIC
k ^ PRICES EFFECTIVE 12/31/09 -01/06/10 )
NO SALES TO DEALERS • QUANTITY RIGHTS RESERVED
V
y
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Lewis, Shelley. Archer County News (Archer City, Tex.), No. 53, Ed. 1 Thursday, December 31, 2009, newspaper, December 31, 2009; Archer City, Texas. (https://texashistory.unt.edu/ark:/67531/metapth848814/m1/3/: accessed July 17, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Archer Public Library.