Sunday, May 29, 2011

FISCAL WAKE UP TOUR SOLUTION?

This is an example of how compounded interest works to the advantage of our future generations. My future grandchildren could conceivably receive 14 or more taxable Legacy Checks. I am the Father.


PGPF MISSION http://www.pgpf.org/About.aspx

Our mission is to increase public awareness of the nature and urgency of key fiscal challenges threatening America's future and to accelerate action on them. To address these challenges successfully, we work to bring Americans together to find and implement sensible, long-term solutions that transcend age, party lines and ideological divides in order to achieve real results.


Dear Mr. David Walker,

Can you tell me why this is not the solution to your campaign? I offer as a credible witness Mr. Brian Liu, Chairman of the Board LegalZoom who states "The idea appears to be interesting and novel." it just does not fit their self-help model of doing business.

***CALL TO ACTION***

PLEASE CONTACT MR. DAVID WALKER AT comments@pgpf.org  AND ASK HIM WHY THIS IS NOT A VIABLE SOLUTION TO THE FISCAL WAKE UP TOUR CHALLENGE. THE PHILANTHROPIST BILLIONAIRE PETER G. PETERSON HAS DEDICATED ONE BILLION DOLLARS TO FINDING A SOLUTION TO CHANGE OUR FISCAL DIRECTION. BUILDING THIS WEBSITE AND PROMOTING IT TO THE AMERICAN PEOPLE WILL CHANGE THE DIRECTION OF OUR WORLD. I NEED YOUR HELP, A FUNCTIONING FREE LEGACY WILL AND TRUST CREATOR/APPLICATION IS "ABOVE MY PAYGRADE".  THIS FOUNDATION CAN MAKE IT HAPPEN, WITH COLLECTIVE EFFORTS/LEGACIES AND FOR THE COMMON GOOD OF ALL ETERNALLY.

Mailing address:
Peter G. Peterson Foundation
1383 Avenue of the Americas
P. O. Box 278
New York, NY. 10019
 
Nathan J. Isbell
P. O. Box 1371
Gulf Shores, Al. 36547

To: The Board of Directors LegalZoom,

I believe I have a product that can easily be added to your portfolio of legal services. Your customers presently can create their own Will and Living Trust by following the step by step process you've already created. My concept is to allow your customers to also create themselves a personal foundation. This concept of bequeathing life long earnings via personal foundations can eternally provide Passive Income to Heirs, fuel Wall Street, create Jobs, rebuild Social Security, support Charities and provide FREE HEALTHCARE – all funded by the Estates of the Deceased. LegalZoom will also be able to capitalize on advertisers from Financial Institutions as well as Life Insurance Companies as you control the site. All I ask in return, is that you take to heart the following:

Traditionally, we bequeath our life long earnings to our spouse, children and grandchildren etc... the money gets squandered and we are long forgotten. Each personal foundation creator can determine how much to leave immediately to their heirs, then invest the remainder into the stock market. This eternal injection of cash will stimulate growth in our Economy and create jobs. 50% of the yield will be re-invested and 50% disbursed to the heirs, charities and passions of the foundation's creator. The recipients/members will ETERNALLY receive semi-annual LEGACY checks from the LLC that he/she names upon CREATION of the Living Trust. Each Legacy check's memo contains whatever inspirational words he/she wants to be remembered by. These Legacy checks will be subject to (I pray) a 15% tax. This NEW passive income stream for the U. S. Government could be used to rebuild Social Security, an ENTITLEMENT that we will never break free from.

Secondly, He/She can leave an Eternal Legacy to any charities or passions that shaped their life. I have created Gods Legacy Trust LLC to be the name for His Everlasting, Earthly Entity/Kingdom. Each of us can be one of the bricks of Mankind to erect His Kingdom as promised. 10% is all He has ever asked for and this is your last chance to enter your name in the Book of Life.

50% of Gods Legacy Trust LLC's yield will fund payroll for the Physicians and Nurses at God's Healthcare Centers and 50% will be re-invested. The members of Gods Legacy Trust LLC will be made up with the recipients of God's Legacy disbursements making “IT” eternal.

The Body of Christ aka “The Church” and other donated buildings is where we will find FREE Healthcare funded by the DECEASED. A far better Legacy than the Legacy that we presently are destined to leave.

BTW...The only way to combat compounded interest (National Debt), is with compounded interest (Legacy). Fight Fire with Fire.

*RULES AND REGULATIONS*
FOR MEMBERS AND CHARITABLE ORGANIZATIONS

*EACH MEMBER IS ENTITLED TO AN EQUAL
VARIABLE SHARE OF DISBURSEMENTS AT AGE 18.

*MEMBERS MUST REGISTER WITH INVESTMENT
BROKER 30 DAYS PRIOR TO EACH BIRTHDAY WITH
PROOF OF LINEAGE AND BIRTH CERTIFICATE

*ORGANIZATIONS THAT FAIL TO REGISTER
ANNUALLY WILL BE DELETED AND PROCEEDS TO GO
INTO MEMBER PROCEEDS

*NO LIENS MAY BE ATTACHED

*NO BACK PAYMENTS

*IF INVESTMENT BROKER FEES ARE EXCESSIVE OR
THE RATE OF RETURN FALLS BELOW 10 % FOR 2
YEARS IN THE LAST 5 YEARS A MAJORITY VOTE OF
MEMBERS MAY CHANGE INVESTMENT BROKERS TO
A DIFFERENT LEGITIMATE BROKER UNDER PRE-SET
GUIDELINES. TIE NO CHANGE

*MINIMUM LEGACY CHECK IS $100 AFTER FEES AND
EXPENSES, OTHERWISE ACCOUNT WILL RE-INVEST
100 % UNTIL THIS CAN OCCUR

*ONLY DIRECT BLOODLINE LINEAGE QUALIFIES, NO
EXTENDED FAMILIES

*SPOUSE OF MEMBER DOES QUALIFY AS MY
REPLACEMENT UPON MY DEATH

*MUST REGISTER ALL BIRTHS OF YOUR BLOODLINE
WITHIN FIRST YEAR. INCOME STREAM MAY NOT BE
SOLD FOR ONE LUMP SUM. BOTH OF THESE
INFRACTIONS RISK LOSING YOUR SHARES AT A
MAJORITY VOTE. TIE NO

*FUND MUST HAVE A POSITIVE YIELD OR THERE
WILL BE NO LEGACY CHECK FOR THAT PERIOD

*IF NO HEIRS OR CHARITIES, DIRECT MY LEGACY TO
GODS LEGACY TRUST LLC YES

Thank you in advance for your consideration in this matter. Please contact me to discuss further details.

Nathan J. Isbell

CC: Susan Decker
Brian Liu
Kamran Pourzanjani
Alan Spoon
John Suh
Jason Trevisan


Nathan,

Thank you for your letter regarding your concept of a personal foundation as part of a Will.

The idea appears to be interesting and novel.  However, because it is not something that is currently widely adopted or well-understood by the general public, we do not believe that it’s a good fit with our self-help model.  Instead, this is something that estate planning attorneys could best present to their clients in a one-on-one setting, where they can tell the client the positives and negatives of a personal foundation. 

I would recommend that you contact an organization of estate planning attorneys.  Most states and cities have a Bar Association with a special section of estate planning attorneys.

I wish you the best of luck.

Best regards,

Brian Liu
Chairman of the Board

Brian Liu | Chairman
bliu@legalzoom.com | Phone 323.790-1358
| Fax 323.337-0730www.legalzoom.com | 101 N. Brand Blvd., 11th Floor, Glendale, CA 91203

Mr. Liu,

Thank you so much for responding to my letter. I appreciate the direction you have put me on and I will contact the Alabama Bar Association. I totally agree with the one on one consultation explaining personal foundations. I was thinking of a very simplistic version that everyone had access to for free, so the masses wouldn't die intestate due to expense and/or knowledge. I also agree that it would take a very large campaign to educate the public of the benefits future generations will enjoy from the foresight of the deceased, but I believe it is something that is very necessary to alter the course of our Countries future. I believe there will be much more demand for this arcane product once the people of this Country that I love see the benefits.

If your company should have a change of heart and think there might be some financial opportunities to build a black and white simplistic personal foundation creator/application, please contact me. I really thought the advertising dollars from the Financial Planners and Life Insurance Companies would have intrigued you, not to mention the good that would come from it for all of us.

Again, Thank You for your consideration and direction.


 

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