Myprosperity users will now be able to generate a standard View Legal will with relevant data populated from their personal wealth portal, including all their assets and liabilities.
Myprosperity chief executive Chris Ridd said it is estimated that nearly 50 per cent of Australians will die without a will and across myprosperity’s own database of users, 70 per cent of users do not have an up-to-date will.
“Yet predictions say $2.4 trillion in wealth will be passed on over the next three decades,” said Mr Ridd.
“By leveraging the expertise of View Legal to provide a standard, pre-populated will, we’re helping our clients to achieve peace of mind and taking our first step towards redefining estate planning.”
View Legal founder Matthew Burgess said estate planning, and wills especially, haven’t changed much in the last 100 years.
“View Legal has a history of leveraging technology to solve complex legal issues like estate planning. Together with our technology partner, NowInfinity we’ve designed a technology solution that will break down some of the traditional barriers of entry that have resulted in so many Australians not having a valid will.”
Dear Michael
Thank you as always for your feedback.
The risk related issues have been at the centrepiece of this project. The combination of myprosperity’s outstanding portal, the leading skills of fintech partner NowInfinity and View Legal’s deep tax and estate planning specialisation mean this is a solution unlike anything seen in the legal market in this country to my knowledge.
Would be excited to share further as you see fit – or learn more at the upcoming roadshow.
Thank you again.
Regards
Matthew
And who takes responsibility for the appropriateness of the document generated to the circumstances of the client? Is this the 21st century version of the newsagents will? In my experience a “simple will” is only one fact away from substantial complexity or chaos. How is this to be recognised?