X-Message-Number: 22312 From: Date: Sat, 9 Aug 2003 07:37:07 EDT Subject: Taking it with you --part1_1eb.e91d462.2c6636e3_boundary Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit In a message dated 09/08/2003 10:00:36 GMT Standard Time, James Clement writes: > I think that there are two basic scenarios that we Cryonauts need to > consider which are somewhat unique to our lifestyle choices; 1) what > should we do financially to prepare ourselves for enjoying a very long > life (assuming we're able to bootstrap ourselves to near-immortality > with the ever-increasing medical advances that are being made); and 2) > what should we do financially to prepare for an untimely death or > disability and our cryonic suspension. Bearing in mind the many uncertainties surrounding the issues James raises in this thread and the costs that would be incurred if we all went off and set up our own trusts. Would it not make sense to set up a 'collective' trust that was available to all signed up Alcor members that would benefit everyone by being more cost effective in terms of management fees and would also afford better returns upon investment as larger sums are more efficient to place? I am not a lawyer or an accountant but did look into the 'Lichtenstein' type of trust arrangements some time ago but discounted them as not being financially practical for those of us with more modest asset values. Also.... I would rather the profits gained from the management side of the arrangements were somehow reinvested into cryonics rather than fancy offices and fancy pay cheques..... Alcors long term contingency fund maybe. I dunno, but one thing is for sure it is speculative to say the least to try to determine just how long you should plan for when their are so many unknowns to take into account. I for one would feel more comfortable if the trust funds and assets were being managed by fellow cryonauts. Regards..... Tim Hanson --part1_1eb.e91d462.2c6636e3_boundary Content-Type: text/html; charset="US-ASCII" [ AUTOMATICALLY SKIPPING HTML ENCODING! ] Rate This Message: http://www.cryonet.org/cgi-bin/rate.cgi?msg=22312