5 replies to this topic

[jonano]

Hi,

I invite everyone to discuss about the Alcor Wealth Preservation Trust (AWPT).

I think it would be good for every member and for Alcor to invest their money toward a preservation trust.

Of course it would be essential for any amount of money in a bank, to follow inflation of the United States.

If it would be possible to have more interest per year than inflation, then alcor could use % of the interest for their own wills. Let say a mutual fund is accepting a 7% of interest per year and the inflation is 4% per year. Alcor would keep 3% and the member/patient would keep the rest.

Personally I would be interested to put my money RIGHT NOW with them, even if I am alive. I think the preservation trust should be for the general public, not only for members or patients.

--Jon

[jonano]

there is a nice text and a good bunch of information here about wealth preservation, which I am very interested since soon I will have a baby.

http://www.alcor.org...onics2001-2.pdf

they talk about:

Pooled Income Funds
http://www.google.ca...o...Funds&meta=

I still dont understand that. Is there any serious organisations in the world, doing perpetual wealth preservation?

Personally I think we are smart enough to know what amount of money to invest now and later. There is no extreme decision to be made, absolutely now, or absolutely later. We can do it gradually.

Oh I found something good!

http://shaftellaw.co...ual_trusts.html

--Jon

Edited by jonano, 24 March 2008 - 12:12 AM.

[jonano]

to continue alone this discussion as a fool.

I will forward you toward this article:

http://en.wikipedia....st_perpetuities

I hope my effort to discuss this thing will not disapear in the off topic or free speech sub forum. that would suck. I also note that there is no motivation in discussion here in the business of cryonics.

in texas, charitable trusts are not subject to the rule.

I wonder why Bill Gates and other billionaires have such foundations, is this because of perpetuities laws?

--Jon

Edited by jonano, 25 March 2008 - 04:04 AM.

[jonano]

awesome:

Under current Federal tax law, a couple may put over $2.0 million in a trust and have it out of the transfer tax system for the life of the trust. The effect of compounded growth is astounding. If $2.0 million is doubled every ten years, at the end of 360 years the $2.0 million becomes more than $137,000,000,000,000,000.

More here:

http://www.texasprob...aunders_RAP.htm

Edited by jonano, 26 March 2008 - 12:05 AM.

[Shannon Vyff]

No problem if you are the only one posting, since you started the thread you can see at the head, who is viewing it

It is a good topic, I already have a trust in place--and have researched the ways the different cryonics organizations invest for the long term. If I ever get another large amount of money, I'll be looking into if I want to redo my trust (it was started in Oregon, and is subject to TX laws as I'm a resident of TX now). I'm sure I'll redo my trust when I'm older, it just takes a lot of time, and I like the way it is set up right now. I also will keep track of what the main cryonics organizations are doing for their investments.

[jonano]

many thanks for this supportive comment

--Jon