Is looting going to be considered a crime?
Looting the corpse of an Innocent will make you a Criminal. Looting the corpse of any of the following is not a criminal act. If I wait for a corpse to decay and then take the loot, will I be flagged as a Criminal?
No

Are there plans to add features to Friends Notification so that my friends can loot my corpse without flagging them as Criminals?
Not currently, no.

Will I lose Karma for looting?
No

Suppose I walk into a clearing and see a corpse. How do I know if I can safely loot it?
The name of a corpse will be colored the same way the name of the player was to you when he died. (gray if Criminal, red if Murderer, etc.)

Exactly what action will flag me as a Criminal for looting?
You will be flagged as soon as you attempt to drag any item within the corpse, regardless of where the item ends up.

Will I be able to chop up a corpse in order to avoid being flagged as a Looter?
Chopping a corpse will flag you a criminal under the same circumstances that looting that corpse would flag you a criminal. If the corpse appears blue to you, don't chop it up. This recent change was made to allow bounty hunters to take the head of the person they killed.

How long will a corpse keep its Aggressor, Criminal and/or Murderer flags?
Until it decays.

Will I be able to set an option that allows my corpse to be looted without flagging the looter?
No.