stark on Nostr: this is too rich. thought provoking quotes: "Can money live indefinitely?" "Arizona, ...
this is too rich. thought provoking quotes:
"Can money live indefinitely?"
"Arizona, where House lives, now allows trusts to continue for 500 years. In Florida, it’s 1,000 years."
“How do you draft for something that could take place in 1,000 years from now? Who knows what the rules will be?”
(House requires clients to have at least $500,000 to stash in the trust to ensure that fees don’t drain it.)
"The federal government could conceivably outlaw perpetuities. Trusts typically are managed by trust companies or banks, but no one knows if a trustee will still exist when a person is revived."
https://news.bloomberglaw.com/daily-tax-report/rich-people-freeze-themselves-and-fortunes-for-future-revival?utm_source=telegram&utm_medium=legal
Seems way too obvious that bitcoin and key locks can fix a lot of these problems.
"Can money live indefinitely?"
"Arizona, where House lives, now allows trusts to continue for 500 years. In Florida, it’s 1,000 years."
“How do you draft for something that could take place in 1,000 years from now? Who knows what the rules will be?”
(House requires clients to have at least $500,000 to stash in the trust to ensure that fees don’t drain it.)
"The federal government could conceivably outlaw perpetuities. Trusts typically are managed by trust companies or banks, but no one knows if a trustee will still exist when a person is revived."
https://news.bloomberglaw.com/daily-tax-report/rich-people-freeze-themselves-and-fortunes-for-future-revival?utm_source=telegram&utm_medium=legal
Seems way too obvious that bitcoin and key locks can fix a lot of these problems.