Estate-Planning Lessons From the Magic Kingdom

Winnipeg Free Press (July 15, 2009)

Author: Poyser, John
Permanent Link: http://ca.vlex.com/vid/estate-planning-lessons-from-kingdom-67907002
Id. vLex: VLEX-67907002

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Summary:

Many people believe that Walt Disney's body was frozen in liquid nitrogen shortly after death and put in storage. Referred to as "cryonic suspension," the process builds on the hope that advances in medical science will allow the body to be repaired and for the person to be thawed and brought back to life in the future.

People who freeze themselves need to make special arrangements to keep their wealth intact. If you research "cryonics" on the Internet and then rummage around for long enough, you can find a link to websites for "perpetual trusts."

Walt Disney's will did not set up a perpetual trust. No mention was made of reanimation or subterranean burial chambers. If Walt Disney had been frozen, he would have died rich and faced the prospect of waking up as a pauper.

Extract:

Estate-Planning Lessons From the Magic Kingdom

Walt Disney was the creative genius and driving force behind the Disney entertainment empire. He was in his prime in the early 1960s.

His world came screeching to a halt when an X-ray revealed a spot on his lung on Nov....



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