The Trust Advisor Blog: “Leading Trust Companies and Multi-Family Office Providers will Soon be Staffed with Advisors Trained in Family Formation Matters. The role of a trustee is expanding. Trusts are evolving to harness medical advances. With the use of stem cells and other genetic material babies born today are expected to live over 100 years. As part of this evolution, new state laws now make extracting live sperm from a dead body for later reproductive use legal. Cryobanks around the country are receiving customer deposits of frozen reproductive cells which include stem cells, cord blood, sperm, eggs and embryos. The courts have held that genetic material is property, like securities and may be bought, sold or transferred.”
Trust Administrators Tool-Up for Custody and Care of Client’s Genetic Property
By On the Net|2017-10-07T11:08:31-07:00October 13th, 2009|
About the Author: On the Net
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