Cryonics is the process through which individuals who are dying preserve their remains with the hope that ongoing scientific achievement will make it possible for them to return to life. The process brings with it obvious moral and ethical considerations, but also some practical legal questions involving taxation. Planners dealing with clients who have a cryopreservation plan may need to comprehend the tax implications of coming back from the dead. Currently, the tax status of a revived grantor is unknown. In Alcor Life Extension Foundation, Inc. v. Mitchell, the court kicked the proverbial can down the road and stated they were “confident that those persons who will then head our various branches of government will be far wiser than we and entirely capable of resolving such dilemmatic issues without our assistance.”
See Mark E. House, Do Zombies Pay Taxes?, Wealth Management.com, December 20, 2017.
Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.) for bringing this article to my attention.
