Financial decisions regarding one's will can be difficult to navigate, which is why one company created 'Tomorrow' -- an inheritance app that contains all the necessary information regarding one's will in one convenient spot.
Through the app, individuals can protect a loved one's inheritance by creating personal profiles for friends and family members that outline the money and belongings that a user wishes to give to a beneficiary. The app also provides guidance, as each family profile is assessed by the technology's algorithm to cater to each user's needs.
The elegant and dignified process eliminates the need for middle men and large corporations, who often take advantage of uninformed clients, while providing a convenient and accessible method of personal banking.
Trustworthy Inheritance Apps
'Tomorrow' Covers Three Financial Service Providers in One App
Trend Themes
1. Trustworthy Inheritance Apps - The market for trustworthy and user-friendly inheritance apps for financial planning is expanding, providing opportunities for businesses to cater to consumers' needs seamlessly.
2. Personalized Financial Guidance - Tomorrow's use of algorithms to provide personalized financial guidance for each user presents an opportunity for businesses to create and market personalized financial planning tools.
3. Digitalization of Estate Planning - The growth of inheritance apps like Tomorrow could disrupt the traditional estate planning industry and create opportunities for businesses to bring estate planning services to the digital age.
Industry Implications
1. Finance - Tomorrow's approach to inheritance apps presents an opportunity for financial service providers to expand their services to meet the growing demand for digital, easy-to-use inheritance planning tools.
2. Technology - As the market for inheritance apps continues to grow, businesses in the technology industry can capitalize on the opportunity to develop and market user-friendly tools that help individuals manage their inheritances.
3. Legal - Tomorrow's streamlined approach to estate planning can potentially disrupt the traditional legal industry by providing a user-friendly option for people to manage their wills and other legal matters.