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Read or Condemn Yourself to Death by Ignorance

Wednesday 13th January 2016


I hope this finds you fit and well and that you enjoy this week's collection of some of the best that crossed my digital desk.

Whom the gods love…… by Margaret E. Bruner

“Whom the gods love die young,” I used to quote
Glibly, but in the rather thoughtless way,
One says a thing that he has learned by rote,
Not knowing the meaning which the words convey

For then I thought it meant they died when young
In years, and this no doubt is often true;
But now with time a clearer note has rung
New meaning to the words; there are a few

Whom time can never age—not even with years;
These keep a dream, nor let its flame burn low...
They look ahead, beyond regrets and tears—
Old age is something they can never know.

Enjoy Every Moment
Enjoy Every Moment

Sunset Over Clouds From Mountain Top
Sunset Over Clouds From Mountain Top

Just because I love the picture!

Your Wings Are Ready
Your Wings Are Ready

Fear Prevents Life
Fear Prevents Life

My Dog Thinks I Am Awesome
My Dog Thinks I Am Awesome


Africa - Angel City Chorale
Africa By Toto Cover

I know I have sharedt his before but it is spectacularly brilliant, moving and pure joy. Grab your tissues and prepare to be MOVED!

Never Give Up
Never Give Up

Now if you are going to win any battle you have to do one thing. You have to make the mind run the body. Never let the body tell the mind what to do. The body will always give up. It is always tired in the morning, noon and night. But the body is never tired if the mind is not tired. – George S. Patton (US Army General and 1912 Olympian)

Official video of Miniatur Wunderland - largest model railway / railroad of the world
Miniature Railway

This is an amazing create!

Researchers Detect Devastating Virus in Farmed Salmon

If this result turns out to be verified, it shows what many have long suspected, feed garbage to fish in cramped and crowded conditions, you are going to get health problems.

Your Worst Bullies Are Your Own Thoughts
Your Worst Bullies Are Your Own Thoughts

At least the negative thoughts are. And they aren't you. It's important to draw that distinction. Any negative, self-invalidating, pessimistic or destructive thought is not you. Don't buy it as being you. Ditch it. Instantly. You will be so much better off just doing that one thing.

12 Quotes From An Oglala Lakota Chief
Lakota Chief

A different viewpoint...

May Your Coming Year Be Filled With...
May Your Coming Year Be Filled With...

Testamentary trusts for dummies

I received this today from my accountant, Tony Cammarata at Prudential Partners. I thought it well worth sharing with you.

There are basically two ways to give someone a gift when you die:

You can give it to them ‘outright’; or
You can give it to them subject to some ‘rules’.

When you give an outright gift to someone under your Will, the beneficiary receives the gift from your executor, with no strings attached. The beneficiary can do what they like with it.

If you impose any rules on the gift, then you have effectively created a ‘testamentary trust’, and things get a little more complicated.

The simplest type of testamentary trust is one that is created when you give a gift to someone subject to them reaching a certain age. Under this scenario, your executors will hold the gift as ‘trustee’ until the beneficiary reaches that age. When the age is reached, the beneficiary will then receive the gift and the trust comes to an end.

But this simple scenario is not what people generally mean when they talk about creating a ‘testamentary trust’ in their Will. The term ‘testamentary trust’ has become associated with a strategy whereby you give ‘control’ (but not ownership) over assets to someone, subject to a set of sophisticated rules. These trusts can last for generations.

We liken a testamentary trust to ‘bubble-wrap’ that surrounds the gift you are giving someone. They can see the gift, they may be able to control what happens to the gift, use the gift, but legally speaking, they do not ‘own’ the gift. The gift comes wrapped in some rules that must be obeyed.

The key elements of a testamentary trust are:

Certain assets are singled out to be held in the trust, called the ‘trust property’;
Someone is given control over the trust property, called the ‘trustee’; and
The trustee must manage the trust property (and its income) for one or more people, called the ‘beneficiaries’. The beneficiaries may include the trustee.

So why would someone complicate the lives of their beneficiaries in this way? Why wouldn’t you just give the gift to your beneficiary outright?

There are a number of reasons for this, but the main ones are to protect the gift from harm, and to potentially access some tax benefits.

Because the gift is surrounded by bubble-wrap, and is not owned by the beneficiary, whatever happens to the beneficiary will not impact the gift. For example, if the beneficiary goes broke, or has a spending habit, the gift remains protected.

The tax benefits are a little more complex to explain. But basically, because the gift is not owned by the beneficiary, any income or taxable gains from the gift do not immediately flow to the beneficiary. Each year the trustee of the gift can decide who is to receive the income and gains, and can thereby manage how much tax is paid by spreading the income and gains around a number of taxpayers.

A popular type of testamentary trust is called a ‘second chance’ trust. Under this strategy a beneficiary receives part of a gift when they reach a certain age (say 25), and then receives the balance of the gift when they are a little older (say 35). If the beneficiary gets into financial trouble between 25 and 35 (say from a failed business or divorce) only the assets they received at 25 are at risk. When they reach 35 they receive the balance of the gift, and have a ‘second chance’ at properly managing this wealth.

As you can imagine, there are as many different types of testamentary trusts as you can conceive of conditions that someone may wish to impose on a gift.

If You Are Depressed...
If You Are Depressed...

Dear Algebra
Dear Algebra

This Century Music - Last Century Movies
This Century Music - Last Century Movies

Many of these movies I had not even heard of let alone seen! I think if Julie saw this her next six months of movie watching would be scheduled!

Regenerative Agriculture
Forest Regeneration

This looks like the way to go...

Brazilian farmer Ernst Gotsch bought 1,200 acres of completely deforested land on the edge of the rainforest in 1984. Check out our video of the week to see how he worked with nature to transform the land into an incredibly biodiverse working farm capable of feeding people and reversing climate change through sequestering carbon.


Until next time,
dream big dreams,
plan out how to achieve them,
be continually executing your plans,
enlist people to your causes,
travel and/or read widely, preferably both,
all the while observing what you observe
rather than thinking what you are told to think,
think well of your fellow man,
take time to help your fellow man,
he sorely needs it and it will help you too,
eat food that is good for your body,
exercise your body,
take time to destress,
and do the important things
that make a difference -
they are rarely the urgent ones!



Most of the content herein has been copied from someone else. Especially the images. My goodness some people are talented at creating aesthetics! The small bits that are of my creation are Copyright 2015 © by Tom Grimshaw - ALL RIGHTS RESERVED.

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