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Great feedback thank you. Personally, purely from a user experience point of view, I’d rather have an online portal where I can manage my info than have to go

Great feedback thank you. Personally, purely from a user experience point of view, I’d rather have an online portal where I can manage my info than have to go through a law firm each time I want to update anything. As such I feel there is a business case here IF the trust issue could be resolved.

tlb 5y ago
The system should have separate mechanisms for the 2 things: letting you update, and executing after you're dead. Executing after you're dead only happens once, so it can be heavyweight. Updating should be as lightweight as possible. One reason it's heavyweight in the current system is that, after you're dead, people who didn't get what they think they deserve can sue your estate. Often the argument is that you were under someone's influence when you updated your will. Having your estate lawyer say, "Mr. Disruptthelaw came into my office on ___ date and we discussed this amendment. He appeared to be of sound mind" is fairly persuasive to a judge. But a late-night edit to some database, even if it's on the blockchain signed with your private key, might be less convincing. The usual way to work around the difficulty of amending a will is for the will to say "Everything in the Disruptthelaw Recovable Living Trust is goes to ___". You can move assets into and out of the trust easily.
- disruptthelaw 5y ago
  I think you’re mostly addressing issues of user experience. Let me put it this way, just for sake of simplicity, assume all the system did was keep a set of instructions to be read by your loved ones upon your death. The instructions could be to contact your lawyer for a copy of your will, or to delete your porn hard drive, or to deliver a letter to your child etc. Forgot about estate law and those complications. Forgot whether you think there is a need for this service. Assume that you do. What matters for my purpose is that you need to trust this service to keep your info for longer than you will live, and to make that info available to the people you specified when you die. What would make you trust this system with these all important instructions? How could this company set itself up that will make it certain to deliver its promise?

tlb 5y ago

The system should have separate mechanisms for the 2 things: letting you update, and executing after you're dead. Executing after you're dead only happens once, so it can be heavyweight. Updating should be as lightweight as possible. One reason it's heavyweight in the current system is that, after you're dead, people who didn't get what they think they deserve can sue your estate. Often the argument is that you were under someone's influence when you updated your will. Having your estate lawyer say, "Mr. Disruptthelaw came into my office on ___ date and we discussed this amendment. He appeared to be of sound mind" is fairly persuasive to a judge. But a late-night edit to some database, even if it's on the blockchain signed with your private key, might be less convincing. The usual way to work around the difficulty of amending a will is for the will to say "Everything in the Disruptthelaw Recovable Living Trust is goes to ___". You can move assets into and out of the trust easily.

disruptthelaw 5y ago
I think you’re mostly addressing issues of user experience. Let me put it this way, just for sake of simplicity, assume all the system did was keep a set of instructions to be read by your loved ones upon your death. The instructions could be to contact your lawyer for a copy of your will, or to delete your porn hard drive, or to deliver a letter to your child etc. Forgot about estate law and those complications. Forgot whether you think there is a need for this service. Assume that you do. What matters for my purpose is that you need to trust this service to keep your info for longer than you will live, and to make that info available to the people you specified when you die. What would make you trust this system with these all important instructions? How could this company set itself up that will make it certain to deliver its promise?