Colorado Probate Blog - Wade Ash Woods Hill & Farley, P.C.

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The Future of Estate Planning

“Alexa, who can I contact to prepare my Will?” Does the future of estate planning fall into the hands of a cloud-based registry?

Consider the following: Alexa over-hears a couple talking about the need to update their estate plans. She suggests to the couple that they meet with Sherlock (an Artificial Intelligence attorney), at a designated time in his virtual office to discuss their estate plan. Alexa then schedules the meeting. At the scheduled time, she contacts the couple and introduces them to Sherlock. They meet for one hour and Sherlock charges them $1000 for a complete estate plan. The couple then authorizes the charge against their household charge card (which Alexa has conveniently saved). Sherlock then creates the estate planning documents. Once the documents are created, Sherlock displays them on the couples’ shared laptop for review and execution. After review of the documents, Sherlock asks the couple if they are ready to sign and they both say yes, they are ready. Alexa acknowledges the couples’ affirmation that their wills, as read to them by Sherlock, accurately reflect their testamentary intent. Alexa then witnesses the couples’ verbal affirmation by way of biometric voice recognition. Shortly after, watermarked copies of the documents are sent to the couple by e-mail and the originals are stored on a secure block chain site which only the couple may access.

Technological evolution is inevitable in practicing law. Whether we choose to accept AI or not, industry leaders know that embracing technology advances may provide a competitive advantage. Rather than a replacement for lawyers, AI will become an enhancement tool.

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