Los Banos Rotary Club History
Banker Tells of Estate Problems

A. K. Falch of Fresno, trust officer for the Bank of America, addressed members of the Los Banos Rotary Club Tuesday noon on the subject of estates and protection of estates.

Declaring that the ultimate objective of every man is to establish security for his family and provide an education for his family and provide an education for his children, Falch said it is lamentable that the average man is so lax or negligent in providing a will or trust so that on his death his family will receive the care and protection he had intended.
Though the possibility of our own death might not be pleasant to think about, it is none the less necessary to prepare for such eventuality, Falch emphasized, to avoid needless litigation and family worry. Citing the custom of preparing gift deeds that are not recorded, the speaker said that such deeds can be legally contested, and in many instances fail to accomplish the desired aim.

Filch also warned of the many legal provisions that must be complied with in the distribution and settlement of estates, and urged that business men exercise the same legal caution in establishing their estate that they would in the protection of their current business interests.

The speaker was introduced by Rotarians Gene Pappani, manager of the Los Banos branch of the Bank of America.
Italo Mastrangelo was a guest at the club luncheon as an official representative of the 20-30 Club and spoke briefly to extend an invitation to Rotary to attend a Coaches' Night program to be presented by the 20-30ians in the very near future. An invitation has also been extended to the Lions Club members.

August 20, 1946

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