Micki, don’t do many things short-term. “We’ve been married
51 years, I had the same job for 46 years, and we have lived in the same
house for 45 years,” Norman says. “We live a very boring existence.”
But for the Laskys of Rancho Palos Verdes, an order of boring comes with
a side of happiness. “I wouldn’t want to live anywhere else.
I love the weather and the community. It’s a great place to practice
medicine,” he says.
The couple’s ties to Torrance Memorial run deep. Shortly after the
birth of their son and completion of Norman’s internship at Jefferson
Hospital in Philadelphia, they ventured to California, where Norman accepted
his “first and only job in medicine” at Redondo Beach Medical
Group. Norman performed surgeries at Torrance Memorial and South Bay Hospital,
where the couple’s daughter was also born.
In 1989, Torrance Memorial appointed Norman chief of urology. While Norman
practiced medicine, Micki managed the leasing of the buildings owned by
Norman’s medical practice.
Through the years, the Laskys have seen many changes in the South Bay’s
health care landscape. South Bay Hospital would eventually become part
of Torrance Memorial. Norman’s practice would eventually be renamed
Bay Shores Medical Group and later merge with HealthCare Partners. It
recently merged again with DaVita.
Norman’s personal health care landscape would change too. Five years
ago, he was diagnosed with a type of non-Hodgkins Lymphoma that can be
controlled but not cured. Under the care of oncologist
Dr. Thomas Lowe, he has undergone two successful rounds of chemotherapy that saved his life.
“I owe a big debt of gratitude to Torrance Memorial for my career
and health,” Norman says. “Torrance Memorial is now my only
hospital, so when I heard about its construction project [the building
of the Lundquist Tower], I thought it could use some help.”
In 2013 Norman learned of a way to do that through his CPA, Joe Hohm, a
member of the Torrance Memorial Foundation Board. Hohm worked with Norman
to facilitate an IRA charitable rollover. This type of rollover enabled
him to directly transfer up to $100,000 of a required minimum distribution
to a charity without it appearing as income on his annual tax return.*
A recent meeting with financial planner Stuart Tsujimoto, a member of the
Torrance Memorial Professional Advisory Council, brought to Norman’s attention a way to give through a charitable
remainder trust (CRT). With a CRT, the trustor or other named individual(s)
receives annual income for life from assets (appreciated stock, in the
Laskys’ case) given to create the trust. After the life of the named
individual(s), the balance in the trust goes to the Torrance Memorial
Foundation. (Learn more about the additional tax benefits of a CRT below.)
“My wife was comfortable with it, and it feels so much better to
know your money is doing good instead of just going to the government,”
Norman said. “I would love to see other doctors jump in to help
out in this way.”
Today in their retirement, the Laskys spend most of their time pursuing
hobbies, and Norman continues to work part-time assisting with procedures
at Torrance Memorial. With their children, their spouses and their young
grandchildren living just blocks away, the Laskys consider their investment
in Torrance Memorial to be yet another decision to ensure their family’s
health and happiness in the long term.