X-Message-Number: 10827 From: "Thomas Nord" <> Subject: Trust-Funds Date: Mon, 23 Nov 1998 04:04:05 +0100 As I remember Alcor and CI are already working on or have solved this, several have solved the problem before more or less and Saul Kent has one solution in the Principality of Lichtenstein. I've worked on this for years by studying the Swedish fund/trust-law here, registered 3 here and interfered in politics when the law was upgraded. In Germany its called Stiftung, Swedish Stiftelse, in English Trust or Fund in my books. Sweden have one very open register supervising most of them, Lichtenstein are very closed and secret. It better be written to cooperate with todays operations and taxlaws, since its the best to place enough assets in good time in it and increase it. The founder of IKEA, Swedish Ingvar Kamprad has his in Holland for the company to survive after his death, I'll inform him of Cryonics. When I think I know where I will live and die (if ever) the fund may be changed, according to the first golden rule to die as close as possible to the final place. The fund can stay here with the benefit or not of Governmental supervision against cheating, it better be where its political stabile and I know whats going on. Some small enclaves are more or less run by a family, Gibraltar as was proposed for another purpose are within sight of my Spanish flat so I know it well as a part of UK Spain are in dispute and like to get back again. Better have it where you live if taxes and laws are good enough. Even if I studied the law more than most lawyers in this case I better have one more lawyercheck, or two since my lawyer is my friend who like to inherit me if I die before him. Another golden rule must be to live and die among Cryonicists if possible to avoid such as i.e. Timothy Leary, as comes close to rule one. Depending on the amount of assets if one can afford it, one better have a sum for all those who are legally entitled inheritance, to avoid a dispute and a trial to crack the trustfund, I have i.e. a greedy crazy sister but the rest are OK so far, most family has some, and keep the trust apart from the family long before death so its not my money. I have my rules on a floppydisc in my old computer, will transform if this is the best place, since I can live anywhere. Taxadoption is important, i.e. having a house on a fund can cost more. Here a personal family fund pays full tax, the one I have pays nothing due to its rules so far when I dont spend any of its money the wrong way and increase it the right way, called taxplanning, a dirty word for some. One musnt forget inflation, so I've stated that only the realincome of the valueaddition can be handed out for research and fees to the board if they need some, my fund should pay for an Cryonics contract and Cryonics research if I made one contract of that for the foundation, otherwise the money will go to other matters if it cant be done, not to the family. One year of income will be handed out to the one as can get me back as a bonus also, and there are a bonus for the board on that very day also. A problem are who should be in the board; To avoid any cracking attempts of the trust out of greed, the family should be in minority, I may like to have one from the Government, my fundmanager, one from the cryo-org (if frozen), and one independent research-advisor, if the fund can afford their fees. To avoid making it private it states that the one who is contracted to be frozen for research by the fund (me), should get all the fund assets out for social rehabilitation when getting back. When I get time to have a wife and kiddies it will have to be adjusted a bit to include them if they dont oppose. Thats not all but some, also when some Swedish readers have asked me. As for Cryonicists who may have had more fun than making money and may be younger, you will of course also benefit from our trusts if they are still there when or if we die. For that matter and those who can, try to make a trust where money can be taken back without getting in jail or almost. One never knows what will happen, i.e. here I'm for the moment a bit well off but eventually moving to US may drain a lot where I'll have to pay more for my social security and family etc. PS Adding to the fascination of global Internet, why dont you state where you are once in a while. We dont know you all yet. Particularly in mails as otherwise looks more anonymous. Who likes anonymous letters? .se shows Sweden etc. Com and net etc. tells nothing. In CryoNet I can see on the time a little bit to compare with. Sincerely Thomas Nord From a bit milder but icy Stockholm going against slushy +-0C=32F. Rate This Message: http://www.cryonet.org/cgi-bin/rate.cgi?msg=10827