X-Message-Number: 20839
From: 
Date: Sun, 12 Jan 2003 10:29:09 EST
Subject: alternate funding

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Yvan Bozzonetti asks about indirect methods of funding suspension through a 
real estate fund. 

First, while CI does occasionally arrange to accept a pledge of real estate 
as guarantee of funding, there are other methods. If the member wants to fund 
out of his current investments without disturbing those investments or losing 
control, that isn't difficult. In the simplest cases, all that is required is 
a TOD (transfer on death) or POD (pay on death) account at a bank or 
brokerage or mutual fund. Many, if not most, banks and brokerages and funds 
have these routinely available, no sweat. For more complicated cases, CI has 
an approved form of Revocable Living Trust to which many different kinds of 
assets can be transferred, with the help of your lawyer.

What we cannot do is create, ourselves, anything that is effectively a trust, 
and I suspect that Yvan's suggestion would fall in that category. Of course, 
if others want to get together and form some kind of mutual fund, that is 
their business, but it would require considerable work and responsibility.

Robert Ettinger
Cryonics Institute
Immortalist Society
www.cryonics.org

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