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DennisPlast Monday at 11:10 PM3 repliesview on HN

One way to mitigate that would be to put the money in a trust which pays the preservation company a monthly dividend. If the trust stops paying, the company can sue it. If the company goes out of business despite its ongoing revenue, the trust can try to find someone else to take over the storage. We already have trusts that manage wealth for multiple generations.


Replies

umpalumpaaalast Monday at 11:16 PM

This is exactly how Companies are doing it… they put the money in a trust and pay for the ongoing costs by using interests from that trust.

vintermannlast Tuesday at 11:45 AM

And how can you trust the trust? We also have plenty of trusts which are questionably aligned with their makers last wills, among them the Nobel peace prize (Nobel didn't just want the prize to go to anyone working for any kind of advancement of peace. He had a very particular instrument for peace in mind, namely peace conferences, which I don't think any laureate has arranged for fifty years.)

I think we have too many trusts already. Let the living decide what's important in life, not the dead.

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michaeltlast Tuesday at 12:29 AM

Let's say there was a power cut and the backup generator failed. The corpse is gone.

What happens to the money in the trust?

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