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, facilitate Welfare, support Charities and provide
FREE HEALTHCARE – all funded by the Estates of the Deceased. All I ask in return, is that you take to heart the
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 Prophetic Promised
Kingdom. 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.
2 *MEMBERS MUST REGISTER WITH
INVESTMENTBROKER 30 DAYS PRIOR TO EACH BIRTHDAY
WITHPROOF OF LINEAGE AND BIRTH CERTIFICATE
3 *ORGANIZATIONS THAT FAIL TO
ANNUALLY WILL BE DELETED AND PROCEEDS TO GOINTO MEMBER PROCEEDS
4 *NO LIENS MAY BE ATTACHED
5 *NO BACK PAYMENTS
6 *IF INVESTMENT BROKER FEES ARE EXCESSIVE
ORTHE RATE OF RETURN FALLS BELOW X
% FOR XMONTHS IN THE LAST
X YEARS. A MAJORITY VOTE OFMEMBERS MAY
CHANGE INVESTMENT BROKERS TOA DIFFERENT LEGITIMATE BROKER UNDER
PRE-SETGUIDELINES. TIE NO
7 *MINIMUM LEGACY CHECK IS $100 AFTER FEES
ANDEXPENSES, OTHERWISE ACCOUNT WILL
RE-INVEST100 % UNTIL THIS CAN OCCUR
8 *ONLY DIRECT BLOODLINE LINEAGE QUALIFIES,
9 *SPOUSE OF MEMBER DOES QUALIFY AS MY
REPLACEMENT UPON MY DEATH
10 *MUST REGISTER ALL BIRTHS OF YOUR
BLOODLINE WITHIN FIRST YEAR. INCOME STREAM MAY NOT
BESOLD FOR ONE LUMP SUM.
BOTH OF THESEINFRACTIONS RISK
LOSING YOUR SHARES AT AMAJORITY VOTE. TIE
11 *FUND MUST HAVE A POSITIVE YIELD OR
THEREWILL BE NO LEGACY CHECK FOR THAT PERIOD
LEGACY WILL AND
TRUST must be built and managed by a non-Gov't entity and the
Peter G. Peterson Foundation has $1 Billion dollars to invest into a solution
to our inevitable fiscal demise. PGPF can build this Free Personal Foundation/ Legacy Application/ Creator,
much like the self service model used by LegalZoom. I
pray PGPF will build a website that will enable everyone to create their own Will, Living Will and
Personal Legacy Free of charge. This would be a
public service that is long over due. Families continually are divided at a time that should be celebrated due
to the expense and/or knowledge of the deceased.
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
I humbly request our Government to support this concept via incentives to it's
Citizens, encouraging them to create a Free Personal Foundation/
Legacy for themselves. A small Gov't incentive invested at the time of death from each U.S. Citizen
into our market place creating jobs, can yield dividends to their future heirs and earmarked as a subsidy to
their heirs future income, which taxes will be paid and/or entitlements supplemented. These Gov't incentivized Legacy checks may one day alleviate
the need for the working class to facilitate those who can not via higher taxes.
Please find the attached illustration of a family tree and how the beauty of compounded interest
can grow into 14 or more TAXABLE Legacy checks in just 3 generations. Compounded interest doesn't always work to our detriment (Nat'l Debt), it
can work to our advantage (LEGACY).
Thank you in advance for your consideration of this Bill Proposal. Please contact
me to discuss further details.