The Ultimate Breach of Fiduciary Duty

Visiting Arizona recently, I toured a cryogenics facility, where individuals subscribe to have their bodies maintained in a frozen state upon their death.  Over one hundred clients were currently maintained, with another one thousand clients on the list when their day comes.

I learned planning to have your body frozen (suspended) is quite involved, much like any estate planning.  Individuals seeking this potentially life-extending option must not only complete forms, they must also have the means (funds) to pay for the service.  Family is often well aware of their loved ones’ desire to be maintained post death.

In talking with the staff, I learned that many of their client’s planning have been fulfilled without issue.  In some cases, however,  insufficient timing between a client’s death and recovery of their body prevented their client’s sususpension.

The cases that surprised me (but shouldn’t have surprised me) were the ones they described where the actions of a client’s family prevented the agency from carrying out the planning and wishes of their client.  Specifically, loved ones of clients driven by personal greed, failed to notify the facility of the imminent death and/or actual death, and worse, had their loved one’s body immediately creamated, to ensure there could be no chance of carrying out the costly measure of freezing their body in suspension (leaving all the funds for the client’s beneficiaries rather than to pay for cyrogenics).

The end result in relying on your loved ones - your loved ones take all your funds, and your wishes to be frozen and someday brought back – never carried out – forever!

Just got to love our society at times, and what money does to people, including family.

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4 Responses to “The Ultimate Breach of Fiduciary Duty”

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