This article was written by the authors expressly for Trusts & Estates Magazine, and appeared in the February 2020 issue. It is being reposted here with permission from the publisher.
AI and the World of Estate Planning
Artificial intelligence symbolizes both a promise and a threat.
January 23, 2020
The importance of the advances in science and knowledge over the past several decades cannot be exaggerated. One area that has been most profound is artificial intelligence (AI). Virtually, everything we use every day, from our iPhones to our automobiles, is driven by AI. Its impact on the legal industry is enormous from word processing to computer research to email to Zoom conference calls. The attached article describes many of these that have occurred and, perhaps, even more important, discusses some that will soon add more to our profession.
InterActive Legal, and its document assembly system, is built on AI. The decisions you select for your clients and are reflected in document you provide them are based on AI. Without AI, there would be no smart system that we now all enjoy and rely upon.
AI has helped the legal industry better serve clients and InterActive Legal has been proud to have been involved in it for over 25 years.
Enjoy the read. And imagine what the legal world and our practices will be like in another 25 years.
Meet the Authors:
Prior to 1994, Mr. Graham was with the law firm of Baker & Botts for 22 years, first as a partner in the Houston Business and Estate Planning group, and then as partner in charge of B&B’s Business and Estate planning group in Dallas. Mr. Graham limits his practice to substantial matters involving business and estate planning, administration of estates and trusts, and fiduciary based litigation. Mr. Graham received his J.D., cum laude, from Baylor School of Law (1972), and BBA from Baylor University (1971). He is Board Certified in Estate Planning and Probate Law in Texas. Mr. Graham’s professional activities include: Fellow of, and past Regent of, the American College of Trust and Estate Counsel; Past Supervisory Council Member of the American Bar Association’s Real Property, Probate and Trust Law Section, Co-Chair of the Digital Signature Committee; Past President of the Texas Academy of Probate and Trust Lawyers; Past Chair of the Real Estate, Probate and Trust Law Section of the State Bar of Texas; and Fellow of the International Academy of Estate and Trust Lawyers.
Jeff Glickman is a computer scientist trained in both software and hardware engineering. He holds numerous patents in multiple disciplines including machine intelligence, computer architecture, communications, and image processing and pattern recognition. He has been awarded the distinction of Senior Member of the Institute of Electrical and Electronics Engineers (IEEE) for his contributions to computer science and computer engineering.
Jonathan G. Blattmachr has over 35 years of experience in trusts and estates law and is currently a Principal at Pioneer Wealth Partners, LLC. He is a retired member of Milbank Tweed Hadley & McCloy and the Alaska, California and New York Bars. Mr. Blattmachr writes and lectures extensively on estate and trust taxation and charitable giving and has authored or co-authored eight books and over 500 articles on estate planning topics. He also co-developed Wealth Transfer Planning™, an InterActive Legal software system published for lawyers that provides specific client advice and automated document assembly for wills, trusts, powers of attorney, and other estate planning documents.
Vanessa Kanaga joined InterActive Legal in 2013 and serves as President and Director of Content Development. In her role, Vanessa oversees the development of InterActive Legal program content, in addition to working with CEO, Michael L. Graham, to guide the company in its future direction, and manage day-to-day operations. Vanessa received her J.D. from Cornell Law School, Magna Cum Laude, in 2006, and holds a B.A. in Philosophy from Wichita State University, with a minor in Music, as well as an Advanced Professional Certificate from New York University School of Law. Following law school, Vanessa practiced in New York for several years, at Milbank, Tweed, Hadley & McCloy, LLP, and then Moses & Singer, LLP. In 2012, she returned to her home town of Wichita, Kansas, where she was an associate attorney in the estate planning and probate practice group at Hinkle Law Firm, LLC, before joining InterActive Legal.