continue storage for future generations ⬤
control your disposition wishes ⬤
estate planning for your genetic material ⬤
payment of storage fees after death ⬤
peace of mind ⬤
How can I benefit from establishing a Fertility Preservation Trust?
As Life Changes, so do your wishes. As your wishes change, so can your trust.
Longer Storage Options
Who controls the trust? Do I have to give the power to someone else?
No. This is a revocable trust. You, or if co-creators such as couple storing embryos, both of you, remain in control of the trust, as Trustee, while you are living and competent to be Trustee (if Co-Trustees, the survivor will generally serve after death of the other Trustee.) After death, if the trust continues, it becomes irrevocable. This insures the Successor Trustee can only carry out the terms of the trust as written, and not amend at will or misappropriate the funds which are intended for storage fees.
Will I need to file a tax return on the trust? Are there any reporting requirements?
No, this is a private trust, and while there are no liquid assets in the trust (generally during your lifetime), the trust contains no income producing property. No Federal Taxpayer Identification Number is required and no tax return is due unless the trust produces income.