X-Message-Number: 14208
From: 
Date: Sun, 30 Jul 2000 11:31:18 EDT
Subject: King & trusts, Smith & quips.

David King asks whether any cryonics organization offers to hold money in 
trust for a patient, for pesonal use after revival.

To my knowledge, no organization per se does that, or legally can do that. 
However, organizations like American Cryonics Society (ACS) may set up 
private trusts for members.

Any individual can set up a private trust, and in a jurisdiction such as 
Delaware there is currently no rule against perpetuities. We can supply the 
name of a law firm with experience in this area. Of course, one problem with 
any kind of separate trust is that you must rely on the trustees, and their 
successors, both for financial management and for cryonics/revival related 
decisions, and this can be both expensive and hazardous.

Some of us prefer simply to leave our estates to CI, no strings attached. 
This does not guarantee that the funds will be used exclusively for our 
personal benefit, but on the whole, we think, it improves everyone's overall 
chances, including ours.
------
George Smith gave us the rap "lyrics" -- "I'm me. Prove I aint." (Repeat 
until hoarse or until rich.)

The movie Total Recall had the line, "If I'm not me, then who the hell am I?"

Robert Ettinger
Cryonics Institute
Immortalist Society
http://www.cryonics.org 

Rate This Message: http://www.cryonet.org/cgi-bin/rate.cgi?msg=14208