4 replies to this topic

[thefirstimmortal]

Trusts
Reanimation Foundation

[thefirstimmortal]

X-Message-Number: 101

Thomas Donaldson <tkd@a.isi.edu> said:

"No insurance scheme is currently possible to deal with risks because of
  the law against perpetuities. I understand that Liechtenstein (or maybe
  Luxembourg) has a form of trust which can be used to defeat that law. If
  we are seriously concerned that is the first point to deal with."

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[thefirstimmortal]

X-Message-Number: 126
From: Kevin Q. Brown
Subject: Reanimation Foundation
Date: 27 Aug 1989

Saul and his business partner, William Faloon, have been working to set up
a new organization called the Reanimation Foundation for "three purposes:
funding of reanimation research, funding of reanimation attempts, and
funding of the reanimated individual's re-entry into society."

The Reanimation Foundation will, it is said, be the "first cryonics
organization to enable individuals signed up for cryonics to take their
money with them. It will be able to offer this service because it will be
incorporated in Liechtenstein, which has no rule against perpetuities."

[thefirstimmortal]

X-Message-Number: 4719
Date: Thu, 3 Aug 1995 20:59:43 -0800
From: cryonics@netcom.com (American Cryonics Society)
Subject: TWO CRYONICS TRUSTS ARE BETTER THAN ONE

This multi-trust approach is especially important for
members who have considerable funds over the minimum required. Besides
having more than one trust to be administered by ACS, some of our members
also have designated Saul Kent and Bill Faloon's Reanimation Foundation,
and "a trust company to be designated by CryoCare," as oversight
organizations for a part of their funds.

[jaydfox]

I would think that having a few of these types of companies would be a good idea, so all our eggs aren't in one basket.

What are the roadblocks in trying to get another country to set up a similar legal situation? Would we have to go so far as to get cryonics "accepted" in the mainstream, or at least not frowned upon, before having hope of setting up this legal scenario in other countries? Are there other reasons that these "perpetuities" are illegal in other countries, reasons which outweigh the benefits to cryonics, or at least rival them?