Opportunities with AI and Estate Planning Could Be Around the Corner

According to the Federal Trade Commission, there has been a significant increase in digital fraud and identity theft. The FTC has received over 18,000 pandemic related fraud reports since the beginning of 2020. As a result, many companies have taken a significant step forward with regard to digital ID innovation and companies across the board are looking at the opportunity for biometrics and artificial intelligence to address a broad range of issues.

Traditionally, the estate planning process has been overly reliant on paper-based processes that make it difficult for people to access what they need from home. Providing physical ID documents in person or attending in-person meetings present numerous challenges for elderly people but also in the midst of a pandemic. Some technical providers and law firms have begun to use biometric enabled ID verification to streamline the estate planning process.

Many other law firms are meeting with their clients virtually and taking advantage of remote notarization. We know it’s been hard to think about all of the moving parts not just in your career, but in your life as well since the pandemic hit. We’re working hard to use this opportunity to reconnect with all of our clients and help walk them through what pieces might be missing from their existing estate plan.

Even if AI isn’t yet an option that you can use to more easily leverage the completion of your estate planning documents, it’s in your best interest to stay ahead of the curve and coming changes by partnering with the right law firm. An experienced attorney can walk you through what you need to have in order and will also stay current with any state or federal laws. We work hard to stay on top of all relevant changes so that we can keep you informed and, if necessary, help you to update your estate planning materials.

Schedule a consultation today with your estate planning law firm in Pasadena to discuss what estate planning documents and strategies you can work out while home.

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