If you are young. Or in midlife.
Or older with irresponsible heirs.
One of the smartest legal tools available to you is a family trust.
Why?
Because a properly structured trust gives you remarkable protection.
How?
• If you are personally sued, assets held in the trust are protected.
• You can serve as the trustee.
• You can also be a beneficiary of the same trust.
• And you decide who receives what, when, and under what conditions.
You may own nothing personally. But you control everything.
It is one of the most misunderstood wealth planning tools.
And there is another benefit.
• Transferring your properties into a family trust is exempt from Capital Gains Tax.
• Transfers from the trust to beneficiaries are also exempt from Capital Gains Tax.
Unaona?
I have some advice for young men newly employed,
When you get employed:
• Be grateful to God, your parents, your mentors and your boss for this opportunity
• Work hard
• Respect your employer
• Adhere to your employer's rules and protocols
• Embrace the mission and vision of the employer
However, if working for your employer becomes unbearable due to other reasons,
• Quit respectfully
• Follow the procedures of quitting as written in your contract or employment letter
• Return your employer's resources in your custody
• Handover politely and thank your employer for giving you an opportunity
• Leave with a clean conscience
Don't be chaotic, abusive and contemptuous on your way out.
Don't think you are smarter than your employer.
The employer you are disrespecting gave you a livelihood when you were seeking a footing and direction.
The employer may not have paid you to your satisfaction, but be polite.
Don't go bad mouthing your employer, speaking nastily, and broadcasting your foul mouth while disclosing what is considered private policies, programs, products or services of your former workplace.
Leave courteously.
This way, you open room for better opportunities, newer networks and better leverage.
Don't be a rude employee. Other employers will fear giving you opportunities in the future because they don't trust you.
Be courteous when you close the door behind you, the universe will be kind to you on your way out.
So, allegedly, police officers remove the speed limit sign (50Km/h) so that you can pay a bribe for driving above the speed limit, which you did not see, and the sign will miraculously be there when you come back.
@ntsa_kenya what is not happening?
If you do not reinvest your returns, inflation will gradually erode your purchasing power, making you poorer in real terms over time.
For example, if inflation averages 6.8% per year and your investment earns 8% per year, your real return is only about 0.8%.
In other words, even though your account balance may still show Sh 1M (or more) on paper, the actual buying power of that money has barely increased. >>
@bikesontnt And the way I was thinking 'Other Marshals in the championship should learn from the Brno #CzechGP. Every crash was being quickly attended, no prolonged yellow flags'
Introvert language translated:
“Maybe I’ll come” - I’m not coming
“I’ll let you know” - I’m not coming
“I’m not sure yet” - I’m very sure that I’m not coming
“I’ll try and come” - I won’t try anything
“I’ll think about it” - I won’t think about anything, I’m not coming
At some point I'll have to overtake him.
By bad luck , he might be turning right.
No visible signals.
Side mirrors to him are a suggestion.
The best i can do is beep hard before overtaking and get far to the right as I can.
Beeping may get him panicking and if by chance he moves right , I'll hit him.
Should that happen , the "nduthi law " will be simple.
"Umemgonga na nyuma. Makosa ni yako madam. "
And with that , they will see to burn my car .
And yes , @ntsa_kenya agrees the greatest problem we have is speeding & traffic police believe the greatest crime is driving with a paper number plate because NTSA have delayed my plates for which I've paid in full.
Goodmorning Kenyans ?
You won't burn in hell for you are in one already 🤦♀️