Estate Planning-AI-driven estate planning tool.

Example

A will allows an individual to specify how their assets should be distributed after death. It can also designate guardians for minor children.

Scenario

A single parent with two minor children creates a will to ensure that their children are cared for by a trusted relative and that their assets are managed to support the children’s upbringing and education.

Example

A trust can be used to manage assets during a person’s lifetime and to control the distribution of those assets after their death, often providing tax benefits.

Scenario

An elderly couple sets up a living trust to manage their estate and avoid probate. They place their home and investments in the trust, ensuring a smooth transfer to their children without the need for court intervention.

Example

A power of attorney grants someone the legal authority to make decisions on behalf of another person in case of incapacitation.

Scenario

A business owner executes a durable power of attorney, appointing a trusted colleague to handle their business and personal financial matters if they become incapacitated due to an accident or illness.