X-Message-Number: 11008 Date: Fri, 1 Jan 1999 18:28:14 -0500 From: "Stephen W. Bridge" <> Subject: Escrow accounts To CryoNet From Steve Bridge, Chairman of the Board Alcor Life Extension Foundation January 1, 1999 In reply to: Message #10996 From: Date: Wed, 30 Dec 1998 11:21:56 EST Subject: Re: CryoNet #10986 - #10993 >Is there any reason that a company like Alcor could not hold the money >for you while in suspension? Instead of a $100,000 policy get a >$1,000,000 policy and have Alcor hold it while you are in suspension in >an interest-bearing escrow account. There are obviously numerous details >to work out but, can how does the general theory hold up? > >Rick Pierce Unfortunately, Rick, that could be difficult because of Alcor's tax- exempt, non-profit status. The problem isn't so much the taking as the giving back, which looks like giving an individual the "profits" from a non-profit. However, there ARE ways in many states that Alcor can act as Trustee for a personal Trust which does that. We don't push for that because the labor to be a Trustee for a large number of members is beyond our abilities and, frankly, beyond what we are interested in doing. But there are many ways to form a Trust which might do what you want. Contact Alcor for our trust reuirements. I'm sure the other organizations have similiar concerns and thoughts. Steve Bridge Rate This Message: http://www.cryonet.org/cgi-bin/rate.cgi?msg=11008