Perpetuities (was Re: [extropy-chat] WSJ: A Cold Calculus Leads Cryonauts To Put Assetson Ice)
sjatkins at mac.com
Wed Jan 25 10:42:24 UTC 2006
Wills and trusts do not have to give anything at all to heirs. I
think this is a question of definitions. Surely there are some
instruments that can be set up to fulfill the originator's wishes
indefinitely even after her demise or suspension.
On Jan 24, 2006, at 8:30 PM, Keith M. Elis wrote:
> The heirs (in the US) have a case:
> "About half of the states in the United States follow the Uniform
> Statutory Rule Against Perpetuities, which gives a grantor 90 years
> the interest to vest. If the interest does not vest to some life in
> being within 90 years, the grant will be reformed judicially so it
> The common law rule is more generous.
> Regardless, I would be pretty surprised to see the first-ever 'revival
> trust' (I wonder if I just coined that...) interpreted by the
> courts to
> allow an indefinite perpetuity. Anyway, it would be a very interesting
> case. The evidentiary record alone would be valuable as a showcase for
> the best scientific evidence for and against the possibility of
> post-cryonic reanimation.
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