By: John P. DedonOdin, Feldman & Pittleman, P.C.9302 Lee Highway, Suite 1100
Fairfax, Virginia 22031(703) 218-2131
[email protected]
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FUNCTIONS OF ATRUST PROTECTOR
DURING BIOSTASIS AND AT THE TIME OF
CRYOGENIC REVIVAL
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FACT PATTERNMr. and Mrs. Cryonic:Establish Trust to Hold and Preserve Assets
During Biostasis and for Their Revival
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OUTLINE
A. Role of Trust Protector – General
B. Who should serve as Trust Protector
C. Role of Trust Protector during Biostasis
D. Role of Trust Protector during Cryogenic Revival
E. Compensation of Trust Protector
F. Liability and Indemnification for Trust Protector
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WHO IS TRUSTEE - INSTITUTION
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GENERAL ROLE OFTRUST PROTECTOR:
AMEND TRUST – FLEXIBILITY FOR LEGAL OR FACTUAL
CHANGES
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WHO SHOULD SERVE AS TRUST PROTECTOR
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INSTITUTIONS? Too Conservative
FAMILY AND BENEFICIARIES? Not independent
LAW FIRMS, ACCOUNTING FIRMS
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TRUST PROTECTORIS A
FIDUCIARY
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CHANGE OF SITUS OF TRUST
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REMOVE OR ADD TRUSTEE
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APPROVE OR DECLINE DISTRIBUTIONS
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WHAT TRUST PROTECTOR SHOULD NOT DO
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ROLE OF TRUST PROTECTOR IN BIOSTASIS
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BIOSTASIS AND ALCOR
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BIOSTASIS AND LITIGATION
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BIOSTASIS AND OTHER RETAINED ASSISTANCE
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ROLE OF TRUST PROTECTOR IN CRYOGENIC REVIVAL
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COMPENSATION OF TRUST PROTECTOR
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LIABILITY AND INDEMNIFICATION FOR TRUST
PROTECTOR