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Perpetual trusts might be killing cryonics.

December 21 2010 at 3:50 AM
Rick  (Login recreation)
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Wealthy cryos are forming perpetual trusts...

DeRivaz writes about this...

John deRivaz replied:

Well, if each person had to put up $30k, then this would be a big drain on possible bequests to CI and I would be against CI helping to make this happen. It is also totally unnecessary in terms of what is needed.

Ben Best and Robert Ettinger speak to this too...

Robert Ettinger has frequently noted the value of being a benefactor to CI in addition to the minimum funding. The more people who are benefactors -- who leave substantial amounts of money to CI through their estate or (better) through an over-funded insurance policy (thereby avoiding probate) stronger CI can become. Money is energy, money is strength. The Also, bequests to CI show a benevolence to your fellow cryonicists -- part of a group of people working together for a common cause.

I would not want to encourage individual perpetual trusts if it is only going to mean a decline in bequests to CI. I would want to help create simple templates and a fiscal/legal structure for South Dakota perpetual trusts if it means more service to our Members, more options and more reason for people to want to be a part of our organization and to support it.



Alcor has numerous conferences encouraging "wealth preservation" and "perp trusts" --- destroying their own bequests. This is a disaster. And now it's coming home to roost. Wealthy cryonicists are traitors to the cause, in effect. I first realized this only in the past couple of years... about 2007 I think. I was horrified when I realized what was happening.

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