US 11,599,961 B1Granted

Estate planning and beneficiary management system including digital assets

AssigneeLegacy Suite Inc

InventorSean Foote

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Abstract

A estate planning and beneficiary management system according to an embodiment includes a system controller which may prompt and receive from a user information which may be necessary to create and estate planning model. The system may provide for traditional assets and digital assets, such as cryptocurrency and NFTs. The system may provide for distribution of the digital assets using smart contracts and blockchain wallets. The system may provide access by beneficiaries and trusted contacts to the user selected documents at different user defined permission levels. Upon the user's death, the system may automatically notify the beneficiaries and trusted contacts, execute block transactions between the user's wallets and beneficiaries' wallets according to the smart contracts, and notify outside world platforms of the user's death and the user's directives for the particular platforms as laid out in the user's will.

Claims12

Dependent claims

A centralized estate planning system comprising:

a system controller;
a plurality of databases including
a legal database that store legal documents and directives,
a legacy database that store user legacy information,
a digital database that store one or more user passwords and digital asset access information, and
a financial database that store asset information;
a permissions module;
an update module;
a messaging system that manages reporting;
a smart contract management system;
and
a non-transitory memory containing instructions when executed by the system controller causes the system controller to perform the steps of:
receiving, by the update module, updated asset information from the system controller;
storing, by the update module, the received updated asset information from the system controller;
monitoring, by the update module, the assets in one or more outside accounts using the stored user password and asset information;
determining, by the update module, a change to said assets in the said one or more outside accounts;
based on a determination, by the update module, a change to said assets in the said one or more outside accounts, notifying the user of changes to said assets in said one or more outside accounts;
receiving, by the system controller, user inputs;
forwarding, by the system controller, to the smart contract management system, the received user inputs;
receiving, by the smart contract management system, the forwarded user inputs;
generating, by the smart contract management system, code that create one or more smart contracts based on the received user inputs;
managing, by the smart contract management system, blockchain protocols for one or more smart contracts and one or more wallets;
exchanging, by the system controller, data between the databases and modules;
and
monitoring, by the system controller, scheduled check-ins for a trigger event.

22 more elements

A non-transitory computer-readable medium having stored thereon computer-readable instructions, which when executed, cause at least one processor to:

store legal documents and directives on a legal database;
store user legacy information on a legacy database;
store one or more user passwords and digital asset access information on a digital database;
store asset information on a financial database;
manage permissions for one or more non-users to access information in one or more of said databases;
receive updated asset information;
store the received updated asset information;
monitor the assets in one or more outside accounts using the stored user password and asset information;
determine a change to said assets in the said one or more outside accounts;
based on a determination a change to said assets in the said one or more outside accounts, notify the user of changes to said assets in said one or more outside accounts;
manage reporting to one or more of said non-users;
receive user inputs;
generate code that create one or more smart contracts based on the received user inputs;
manage blockchain protocols for one or more smart contracts and one or more wallets;
exchange data between the databases and an update module and an permissions module;
and
monitor scheduled check-ins for a trigger event.

14 more elements

Dependencies are inferred from the claim text.