Planning for one’s death is never easy, but that does not mean it has to be difficult. In an effort to encourage individuals to establish plans for their eventual passing, Everplans Professional recently launched a digital estate planning application to begin the process. The consumer application, geared primarily toward estate lawyers, financial advisors, and insurance agents, allows consumers to gather their estate plans, health care proxies, and financial account information and hold all of these documents in a single location. The application contains customized to-do lists, setting the framework for what needs to be done when an individual passes away. The plans are then shared with “deputies,” who will be able to have access to some or all of the stored information and documents.
Companies who sign up for Everplans Professional can co-brand the tool and offer it to their clients for the price of $2,500 a year. The application comes with a personalized dashboard that helps track a client’s progress, as well as an advisor who can reach out to the client and help the client finalize their plans. As with all technology, one legitimate concern is security. To tackle this problem, Everplans uses a two-step verification process during login and all personal information is encrypted and protected using banking-level security.