7/27/2012
Gore-Tex Heir Adopts Ex-Husband as Estate-Planning Tool
Anyone who likes to go hiking, biking or camping likely knows what Gore-Tex is. The waterproof fabric turned the W.L. Gore Company into a billion dollar success, ranking #134 on Forbes' recent list of largest private companies. Like many successful business owners the founder, Bill Gore passed, and his wife Genevieve Gore, created a trust fund to help pass their stock in the company onto their children and grandchildren. They did a good job too, funding the trust through a holding company to minimize estate taxes. Bill passed away in 1986 and his wife later died in 2005, sadly setting the stage for a nasty battle between the Gore-Tex heirs.
The U.S. Consumer Product Safety Commission (CPSC) recently announced that the number of people who die or are injured using ATVs each year is on the rise. The federal agency is asking that riders stay vigilant and be safe on the trails this summer.
The summer is a notoriously dangerous time for ATV riders and statistics show death and injury rates skyrocket as temperatures rise. On average, from 2004 to 2006, the deaths of children younger than 16 rose a shocking 65% from March to April. Adult deaths rose 85% over the same period. The peak of ATV-related injuries occurs in July and the CPSC is trying to put the word out early that drivers must stay aware of their surroundings and practice safe ATV driving habits to avoid a similar rise this summer.
While dog bites may not grab headlines very often, it doesn't mean they aren't important. Animals still attack people, with the elderly and young children serving as primary victims of such attacks.
According to the