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0 pointsd4mi3n4y ago0 comments

I've toyed with the idea of putting money into a trust and having the executors of the trust use the money to maintain stuff like this.

It's more of an institutional solution than a technical one, but I'm personally more comfortable with an institution lasting 500 years than an unmaintained piece of hardware or software.

It's the same strategy used by museums--they take a grant from somewhere (from government, public, or private entities) and use that money to retain expertise and resources required to preserve stuff like the Mona Lisa or a dinosaur skeletons for future generations.

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3 comments · 2 top-level

erikcw4y ago· 1 in thread

IANAL but I believe "the rule against perpetuities" is one of the sticking points in using something like a trust as an institutional solution to this problem.

denton-scratch4y ago

Yes, I think perpetual trusts are illegal. Whether 500 years counts as perpetual, I don't know.

elliekelly4y ago

For the trust route it might be worth looking into a corporate trustee vs a natural person. It’s much less likely (though not impossible) for it to fall through the cracks at a bank’s trust department than at Doe & Doe Law Firm.

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