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
                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

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