New stock may be made “inheritable” which means it can be passed on to descendants just as original stock is allowed to be now; or “life estate” which means that when the new enrollee dies, the stock is retired and ceases to exist. This option was created to help protect the original stock forever. Original stock will always be inheritable and giftable as it is now. That will never change. By creating the new stock as “life estate,” it offers the stock owner a chance to be connected to the corporation, receive dividends, vote in annual meetings and enjoy all the benefits of being a shareholder without a permanent change to the original stock.