Personal effects are often the component of an estate with the least monetary value but the most sentimental value. These items can cause more family discord than an unequal division of bank accounts, because they have meaning - both shared and individual - to the deceased person and to the heirs. Estate planning attorneys must address personal effects from two different angles: first when crafting the estate plan and second when working with the fiduciaries to distribute property after death. This webinar will consider how attorneys can effectively assist clients in both the planning and distribution stages by using online tools, artificial intelligence, and other strategies to provide transparency and fairness. What can planners do to make the process easier in the future, and what tools can help with the estate distribution process? Join us for the next installment in the ILS Speaker Series to find out!
David MacMahan is founder of FairSplit.com, “Divide Things, Not Families”. David has spent fourteen years helping families divide tangible personal property and has arguably divided more estates’ personal property than anyone. Recently FairSplit pioneered using AI to quickly list the assets of a home from photos, taking a job that often took 40-50 hours down to 1-2 hours. He has now helped thousands of families divide their estates with the web-based system to catalog, share and divide online. FairSplit does this efficiently and fairly through a system of blind, online rounds; Interested or not? Who Wants it Most? Bidding emotional points, and finally ranking top to bottom choices, alternating selection rounds similar to a sports draft.
Find out more at www.FairSplit.com or email David directly at David@FairSplit.com