On Cryonics Trusts

An op-ed on perpetual trusts aimed at preserving wealth for cryopreserved individuals can be found at h+ Magazine: "Rudi Hoffman is an insurance salesman specializing in cryonics-related insurance policies. He's also a deep thinker about cryonics and life extension, and an incredibly funny guy. So, we thought it would be interesting to have Rudi tell our readership about cryonics trusts - the notion of setting up a trust to fund your own revival and post-resuscitation life. He put together a few words on some of the misconceptions he encounters when talking to people about the concept of cryonics trusts. ... Cryonics trusts and planning for wealth upon revival is not a new idea. Questions about cryonics estate and trust planning were being asked and explored by pioneers as early as the 1980s. These questions were also asked to me, as well as by me as early as early 1994 when I signed up with Alcor. The history of cryonics back to early days is an series of lessons in real world finance, in many cases hard lessons like the Chatsworth cryonics tragedy, a function of unrealistic funding structure for maintenence of cryonics patients. Out of these funding tragedies, real world experience has emerged. The cool thing about this is that you and I can benefit from the work that has gone before us. The underbrush has been cleared and a smoother path is now available for us to travel regarding cryonics trusts. ... While there are significant challenges in setting up a viable and effective cryonics trust, the 'Rules against perpetuities' are pretty much a non-issue. These laws have been abolished by statute in states including Alaska, Idaho, New Jersey, and South Dakota. ... Most cryonics model or prototype trusts available utilize a "dynasty trust" format. This basically sidesteps the question of whether someone pronounced dead and currently in biostasis is well and truly, permanently 'dead.' This format, used by wealthy folks seeking to control their assets even after traditional death, has been used for many decades. Basically, you direct a trustee to act in your behalf to carry out the terms of the trust. This does not require new law be made determining whether you are 'dead enough' or even 'too dead to have rights.'"

Link: http://hplusmagazine.com/2011/06/10/seven-silly-superstitions-about-cryonics-trusts/


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