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DOWN PAYMENT

December 20 2010 at 2:51 PM
Rick  (Login recreation)
Owner
from IP address 98.165.81.74

 
Down Payment Monthly Notice To Alcor

The enclosed invoice has been paid to Lincoln Life for a policy that Alcor holds and should continue to hold and own as a down payment on the cryopreservation of Rick Potvin, if and when that occurs. Given that the value of that $50,000 policy will tend to be of less relative value over time due to inflation and higher technology being made available, and given the lack of assurance of grandfathering in this member for a neuropreservation at 1991 prices when this policy was purchased for that reason, then this policy should be used in conjunction with Rick Potvin's will or trust to be updated and on file with Alcor-- or the aspect of the will that pertains to Alcor at least-- for the purpose of making available a higher money value for Alcor for "the rest of the cryopreseration" process, long term maintenance, and even reanimation attempts in the far future... since Rick Potvin has no separate reanimation account ferreted away like some other wealthier members.

Rick Potvin

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Rick
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Owner
98.165.81.74

Unperson says the money won't be certified fast enough

December 21 2010, 4:07 AM 

unperson wrote.

But alcor does not have time to certify that you have the money saved up before they have to cryopreserve you. They have to cryopreserve you fast, but they need time to make sure the money is there.

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Rick
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Owner
98.165.81.74

Cryonics comes down to "fast" money ?

December 21 2010, 7:26 AM 

Unperson says Alcor has to "make sure the money is there"... but isn't that what a trust or a will does? Are wills and trusts reliable ENOUGH to do what I'm suggesting or are they not?

I would think it can be set up that way.. or at least the scenarios and details should be openly discussed.. on an open forum like this.

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unperson philossifer
(Login unperson)
137.200.0.103

alcor could go broke if the trust/will has nothing for them

December 21 2010, 11:51 AM 

they could freeze someone based on documentation that does not represent reality. That is dangerous for Alcor.

There might be a solution. You could set up a trust, but they are expensive. Some trusts are irrevocable. But that takes a lawyer and lots of money. If you have that much money, you are not going to have trouble funding your cryopreservation anyway.

 
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Rick
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Owner
98.165.81.74

Trusts are inexpensive nowadays.

December 21 2010, 12:34 PM 

Mine is $600.

It's only as dangerous for Alcor to accept cases partly on bequest promises as is the ability to confirm the paperwork, in adavnce. It can be done. In fact, PALM requires it... I have no choice. I'm not going to increase my minimums or pay increasing dues. Wowk makes the point that the latest bequest could have covered both grandfathering and dues for the next span of time...

http://www.imminst.org/forum/topic/45324-alcor-finances/page__pid__442968#entry442968


Rick's public service message--
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Rick
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98.165.81.74

There must be a way to do trust/will verification in advance.

December 21 2010, 12:36 PM 

.

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