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How Technology Influences Estate Planning Today

Before the advent of technology, individuals would often create their wills and designate executors to handle their estates after they passed away. However, with the introduction of modern technology and efficient software tools, estate planning has become significantly more convenient. 

This article explores how technology influences estate planning in the modern world, from improved documentation processes to remote business opportunities.

1. It Improves Documentation 

Documenting an estate plan with technology has revolutionized the preparation and execution of a legal will. The process is now simple and convenient, allowing individuals to draft their own will in as little as five minutes in their homes. With most online platforms, all that is needed are specific details to create a document that meets the requirements under state law. Certain companies even offer additional services wherein they walk clients through the entire legal process should they require further assistance.

The ease of drafting a legal will online has many advantages over traditional documentation methods. Apart from being able to do so at any time and place, one no longer needs to pay the price of having a lawyer work on their behalf. It also allows one to easily make revisions or updates as needed without starting from scratch each time, ensuring that an up-to-date version is always available. 

2. It Improves Communication 

Technology is proving to be a powerful tool in improving communication across the estate planning sector. The rise of the internet and its many applications has enabled people to interact more easily and quickly than ever before, leading to an imparoved ability for professionals to collaborate on projects and exchange valuable information. 

Personal devices allow estate planners to stay constantly connected, meaning that they can respond faster when important documents or decisions need to be made. This ensures that both business owners and clients don’t miss anything vital, and deadlines are met with a time-efficient service.  

Furthermore, technology has enabled estate planners to provide services such as e-document signing, where files can be sent electronically and filled out without needing physical signatures. This not only streamlines the process but also ensures accuracy by eliminating the possibility of incorrect signing. By using technology in this way, estate planners can better serve their clients by being more responsive, cutting down on paperwork, and reducing potential error.

3. It Automates Manual Processes 

Undeniably, technology has revolutionized the estate planning sector by streamlining previously manual and tedious processes. Tasks such as document organization and filing, creation and tracking of inventories, and scrutinizing of tax-related events are now much easier to accomplish through technological solutions.  

In addition, digital notarization is becoming increasingly popular in this space, allowing users to notarize documents virtually and efficiently. This offers a degree of convenience that was unimaginable just a few years ago. 

By automating manual processes, technology has helped many people in the estate planning sector to save precious time while also reducing costs in some instances.

4. It Allows Remote Business Operations 

The estate planning industry has seen a significant shift due to the advancement of technology, primarily enabling remote business operations. Using video conferencing software, conversations between the estate planner and their clients remain safe and secure. Conveniently, documents can easily be shared and reviewed using e-signing technology. This has revolutionized the industry by being more cost-efficient and significantly reducing paperwork.  

Additionally, it has opened up more opportunities for practicing lawyers and tax advisors as they no longer have to meet clients face-to-face. This opens up multiple doors for them when dealing with clients from different regions or countries across the globe. 

Technology has significantly improved the estate planning industry with its ability to cater for remote operations without compromising on operational efficiency or professionalism.

5. It Secures Sensitive Financial Information 

Estate planning is a complex process, and securing access to sensitive financial information is essential for advisors and their clients. Technology has revolutionized the security of all types of data, including that which may be used in the estate planning sector. By utilizing secured cloud databases and encrypted documents, advisors can protect clients from identity theft and unauthorized access while allowing rapid data retrieval when needed. 

This technology also allows clients to authenticate documents with digital signatures without mailing physical copies, which eliminates extra time spent on paperwork. Therefore, not only does technology provide secure storage of financial records, but it also expedites communication between advisors and clients who need access to those records.


These are just a few ways in which technology has revolutionized estate planning over the past decade or so. From automated processes and remote business operations to secure financial data storage, many benefits can be gained by utilizing modern technologies in this critical industry. 

Overall, it is clear that technology has significantly impacted the estate planning sector, helping professionals and clients streamline processes, reduce costs, and improve efficiency. While change can sometimes be challenging, it is clear that the positive impacts of technology far outweigh any short-term challenges associated with its implementation. As such, further advancements will likely continue to transform this industry in the years to come.

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by Sushree Swagatika

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