Rich'sicles Die And Leave Money To Themselves
Posted by RantMaster
(5363 views) [E-Mail link]
|Some say when you die, that's it; others believe in heaven and hell. And then there's that contingent of wealthy, narcisisstic men who think they've figured out a way to cheat death, and their heirs at the same time. How? Well, elementary dear Watson, freeze yourself in liquid nitrogen when you die, expecting to be revived later, and leave all your money to yourself!|
The concept is called a "Revival Trust" and as expected, there seems to be no shortage of lawyers and financial planners promoting this bizarre scheme.
You can't take it with you. So Arizona resort operator David Pizer has a plan to come back and get it.
Like some 1,000 other members of the "cryonics" movement, Mr. Pizer has made arrangements to have his body frozen in liquid nitrogen as soon as possible after he dies. In this way, Mr. Pizer, a heavy-set, philosophical man who is 64 years old, hopes to be revived sometime in the future when medicine has advanced far beyond where it stands today.
And because Mr. Pizer doesn't wish to return a pauper, he's taken an additional step: He's left his money to himself.
With the help of an estate planner, Mr. Pizer has created legal arrangements for a financial trust that will manage his roughly $10 million in land and stock holdings until he is re-animated. Mr. Pizer says that with his money earning interest while he is frozen, he could wake up in 100 years the "richest man in the world."