Summer Programme - Club Speaker - John Robson
Thu, Aug 31st 2017 at 6:30 pm - 8:30 pm
John Robson will Address the Club
H&R: Jim Peat & Jim Robertson
VoT: Hugh Graham
Tonight's meeting of the Rotary Club of Motherwell and Wishaw started with Rotarian Jim Rae giving a short presentation on his charity Waterforall Africa. Jim has designed and installed water filtration systems in Malawi which, to date, have saved over 2000 lives and he explained how the simple system works. Jim will be promoting his system at the Rotary District 1020 Conference to be held in Newcastle at the end of October. Later this year, he is going to Tanzania to install some of his water filters and it is hoped that they will be as successful as those in Malawi.
President Andrew's, Beyond the Tea Towel, talk was about Janet Keiller, from Dundee, who is credited as being the inventor of marmalade.
Past President Paul Begley gave an update on the final Pigeon Derby race of the summer. The race was from Alnwick to Coalburn and the winning birds belonged to Rotarians John Robson, Callan Dick, Tom McPherson, Jane Allan, Peter McCrossan and Jim Peat who all received their prizes. Paul said that over £700 had been raised this year from the Club's Pigeon Derby and he thanked former Rotarian George Pollock for his continued assistance.
The final Club speaker of the summer season was Rotarian John Robson, previously an Independent Financial Advisor, who now advises people how to legally avoid paying taxes through the use of Discretionary Trusts, commonly referred to, by some, as ‘trust funds’ which have often been used in the past as a way for wealthier families to keep money, investments and assets within the family for future generations. John said that the flexible nature of such trusts means that, far from being a vehicle solely for the rich and famous, discretionary trusts can provide an effective option for anyone looking to provide future support for children or other beneficiaries, as and when it’s most appropriate. He said that the structure of a discretionary trust enables you, as the person putting your assets or money into the trust known as the settlor, to give those assets to a group of people chosen by you the trustees to look after. The trust deed will also name the group of people who you want to eventually benefit from those assets who are known as the beneficiaries. Although it will be at the discretion of the trustees to decide which of the beneficiaries to pass assets on to, when, and how much each will receive, you can indicate to the trustees how you would like them to exercise their discretion. So, while your wishes are not legally binding on them, they will often take them into consideration. The assets are ‘held in trust’ for the beneficiaries and, along with any payments received from them, make up the trust fund.
The Vote of Thanks was proposed by Katrina Gibbons.
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