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Chair, Tony Thomas
Reporter, Herb Greenwood
Visiting Rotarian-Bob Nield from Canberra Sunrise Club.
Visitor- Yung Le a potential member.
A toast was proposed to Rotary International by Tony with additional HUMOROUS invocations from a UK Rotary book of Grace templates
SPECIAL ANNOUNCEMENTS.
ROGER THORNTON-Reminder of the Club BBQ on the peninsular in Feb at the Meehans. – see separate bulletin item
MARY VOICE-Two copies of the Melbourne University Book “160 Years 160 Stories”
All to the Political applause of MR POINT OF ORDER.
PRESIDENTIAL ANNOUNCEMENTS.
President Doug reminded of;
- Roy Garrett nomination of Trish Franklin for THE ONE AWARD.
- RCCMS meeting 25th Feb –Membership retention discussion and Club survey discussion.
- Conference and Convention bookings still open.
AT THIS STAGE THE CHAIR FALTERED AND RECOVERED WITH PROMPTS
YOUTH SERVICES COMMITTEE REPORT.
George Mackey.
A brief report on the strategy and action taken to support RYPEN , MUNA ,Mount Alexander College, Timor, SILK MILLER SCHOLARSHIP and the three School Recognition Awards to Mount Alexander College along with the Job Search Process training.
SEARGEANT AT ARMS-Michael Bromby
Part One
WOULD I LIE TO YOU?
Based on the TV show of the same name Michael presented his latest antic of humorous beguilement.
Tony was selected to read the note and we had to judge if it was true.
Tony only fooled one of us.
Part Two
THE EPIC POEM
Koren read her latest addition to the poem and created the demise of the investigating detectives.
GUEST SPEAKER
ESTATE PLANNING-Bernard McMenamin
Two elderly spinsters in a country town owned both the Pub and the Chinese Restaurant.
As they did not drink they frequently visited the Chinese Restaurant and became well known by the operator who treated them well- good service good food and very helpful.
These two spinsters had brothers living in the City who were very successful bankers that rarely visited.
On her untimely death in a vehicle accident the wills disclosed that the main benefactor of some $5million was the Chinese Restauranteur.
The brothers rushed to the town objecting to this action as they were left little only to find that they could not halt THE ULTIMATE TAKEAWAY.
A USA survey of beneficiaries disclosed the problems as being.
- What was going on before whilst alive-not after death- 60%
- Did not know where to go for advice after the death-30%
The old problem of who gets the farm in the family after the death.
These problems can all be avoided by discussions between all before a death occurs.
changing trends are occurring
- Traditional-Little discussion-edgy recipients that may dispute or contest.
- Discussion before the demise-all anticipate result and accept.
- Cross Border issues-business in different locations with different legislation.
- Art Works/Antiques-unknown and new values due to not appreciating worth.
- Trusts-retaining value and distribute profits.
- Changing legislation.
- The Digital Age-List of accounts passwords and login info-hard to find information.
These are some of the considerations so plan ahead and make it easier for the benificiares to achieve the result that you want.
Tony made a small presentation to Bernard and thanked him for his interesting presentation.
MEETING CLOSURE
President Doug closed the meeting thanking the visitors for their attendance.
Also invited all to ENGAGE ROTARY AND CHANGE OUR LIVES.
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Reporter
Herb Greenwood
