We’re at a stage in the world where digital transformation reshapes industries, legacy planning—an age-old necessity—finds itself at the cusp of innovation. Why do people need wills? It’s a question often met with shrugged shoulders or deferred responses. However, the importance of wills becomes glaringly evident in the face of unforeseen circumstances. With major shifts looming in the realm of legacy planning, the necessity to adapt to modern methodologies is becoming increasingly imperative.
Adeus Life (https://www.adeus.life) a pioneering digital platform revolutionising legacy planning and will drafting. It offers innovative solutions to the challenges associated with traditional legacy planning methodologies. Founded by Nick Adams, CEO & Co-Founder, and Mark Hedley, Co-Founder & COO, Adeus Life aims to simplify the process of preparing for the future while ensuring security, accessibility, and peace of mind for its users.
At its core, Adeus Life provides a user-friendly platform that guides individuals through the creation and management of their digital wills and legacy planning documents. Leveraging cutting-edge technology such as blockchain, distributed ledger technology, and artificial intelligence, Adeus Life offers comprehensive solutions that address the complexities of modern life and digital assets.
Through Adeus Life, users can draft, update, and securely store their wills online, ensuring that their wishes are preserved and their assets are distributed according to their intentions. The platform also facilitates the inclusion of digital assets, such as cryptocurrencies, digital accounts, and intellectual property, ensuring comprehensive estate planning for the digital age.
Addressing Market Challenges:
The market for legacy planning is fraught with challenges. Traditional methods are often complex, bureaucratic, and archaic. Adeus Life acknowledges the emotional strain and administrative burden that accompanies the loss of a loved one. Their solution aims to alleviate these burdens by streamlining the process through cutting-edge technology.
The Problem:
Traditional legacy planning is rife with obstacles that impede individuals from adequately preparing for the future. The cumbersome paperwork, bureaucratic hurdles, and archaic processes associated with drafting wills and managing estates often deter proactive engagement. Moreover, the emotional toll of confronting mortality coupled with the complexities of navigating legal frameworks exacerbates the reluctance to initiate end-of-life preparations. As a result, countless individuals find themselves unprepared for life’s inevitable uncertainties, leaving their loved ones vulnerable to disputes, financial burdens, and administrative headaches.
Why Wills Are Essential: A Guide to Planning for the Future
In the grand scheme of life, contemplating our mortality can be uncomfortable, even daunting. Yet, one of the most crucial acts of responsibility we can undertake is to plan for the inevitable. This is where wills step onto the stage of significance.
- Ensuring Your Wishes Are Honored: A will serves as a roadmap for the distribution of your assets after you’re gone. Without one, your estate falls into the hands of intestacy laws, which might not align with your desires.
- Protecting Your Loved Ones: Beyond asset distribution, wills play a pivotal role in safeguarding your loved ones’ future.
- Minimising Conflict: In the absence of a will, intestacy can breed discord among family members.
- Streamlining the Probate Process: Probate—the legal process of administering an estate—can be arduous and time-consuming without a will.
- Protecting Unconventional Wishes: In our diverse society, individuals may have unique wishes regarding their estate.
- Embracing Peace of Mind: Ultimately, drafting a will is an act of empowerment—an acknowledgment of life’s uncertainties and a commitment to providing for those we cherish.
What are the Costs of creating a will?
- DIY Wills: Some individuals opt for DIY will kits, which are relatively inexpensive and can be purchased online or from stationary stores. These kits typically range from £10 to £30.
- Solicitor-Drafted Wills: Many people choose to engage a solicitor to draft their wills, particularly if their estate is complex or if they have specific requirements. Solicitor-drafted wills typically cost between £150 to £300 for a single will, and £200 to £400 for mirror wills (where spouses or partners make nearly identical wills).
- Online Will-Writing Services: There are also online will-writing services available, which offer a more affordable alternative to solicitors while providing professional guidance. Prices for online wills can range from £20 to £100, depending on the level of service and additional features.
- Probate Fees: It’s essential to consider potential probate fees, which are the costs associated with administering your estate after your passing. Probate fees in the UK vary based on the value of your estate. As of 2022, estates valued at over £50,000 are subject to probate fees, which range from £215 to £1,155 for individuals, and £155 to £930 for solicitors.
What is the Process of creating a Will?
- Gathering Information: Before drafting your will, it’s crucial to gather relevant information about your assets, liabilities, and beneficiaries. This includes details about your property, bank accounts, investments, pensions, debts, and any specific bequests you wish to make.
- Drafting the Will: You’ll outline how you want your assets to be distributed, appoint executors to carry out your wishes, and make any other provisions, such as guardianship for minor children or charitable donations.
- Signing and Witnessing: In the UK, for a will to be valid, it must be signed by the testator (the person making the will) in the presence of two witnesses who are not beneficiaries or spouses/civil partners of beneficiaries.
- Storage: Once your will is signed and witnessed, it’s essential to store it safely. Many solicitors offer will storage services, or you can keep it in a secure location such as a safe deposit box. It’s important to inform your executors or loved ones of the will’s whereabouts.
- Review and Update: Finally, it’s advisable to review and update your will regularly, especially after significant life events such as marriage, divorce, births, or changes in financial circumstances.
Adeus Life’s Innovative Solution:
Enter Adeus Life—a pioneering force in the domain of digital wills and legacy planning solutions. At its core, Adeus Life addresses the multifaceted challenges inherent in traditional legacy planning methodologies, offering a streamlined, user-friendly, and secure alternative that resonates with modern sensibilities.
The Adeus Life Solution: Adeus Life’s innovative approach to legacy planning serves as a beacon of hope amidst this landscape of uncertainty and inertia. By leveraging cutting-edge technology, distributed ledger technology, and artificial intelligence, Adeus Life offers a comprehensive suite of digital will and legacy planning solutions that address the shortcomings of traditional methodologies.
Streamlined Process: Adeus Life simplifies the process of legacy planning, offering a user-friendly platform that guides individuals through the creation and management of their digital wills with ease. Gone are the days of grappling with reams of paperwork and navigating complex legal jargon—Adeus Life streamlines the entire process, ensuring accessibility for all.
Security and Trust: Central to Adeus Life’s ethos is the assurance of security and trust. Utilizing state-of-the-art encryption protocols and distributed ledger technology, Adeus Life safeguards sensitive information and assets, providing users with the peace of mind that their legacies are protected from unauthorized access or tampering.
Accessibility: Adeus Life’s digital platform transcends geographical boundaries, making legacy planning accessible to individuals from all walks of life. Whether you’re a tech-savvy millennial or a seasoned elder, Adeus Life offers a user-friendly interface that caters to diverse needs and preferences.
Empowering Individuals: More than just a digital platform, Adeus Life empowers individuals to take control of their legacies and shape their futures on their own terms. By providing comprehensive guidance, resources, and support, Adeus Life equips users with the tools they need to navigate the complexities of end-of-life preparations with confidence and clarity.
Meet the Team:
Driving Adeus Life’s vision are Nick Adams, CEO & Co-Founder, and Mark Hedley, Co-Founder & COO. With a shared passion for leveraging technology to simplify complex processes, Adams and Hedley bring a wealth of experience and expertise to the table. Their commitment to empowering individuals to take control of their legacy is palpable in every aspect of Adeus Life’s platform.
Traction and Future Outlook:
As graduates of the Block Dojo global startup incubator, Adeus Life has already made significant strides in the industry. Their traction speaks volumes about the relevance and effectiveness of their solution. Looking ahead, Adeus Life aims to continue expanding its reach and refining its offerings to meet the evolving needs of its users.
Investor Highlight: Adeus Life – A Pioneering Investment Opportunity
- Innovative Solution: Adeus Life offers a groundbreaking digital platform that addresses the inefficiencies and complexities of traditional legacy planning methodologies. By leveraging cutting-edge technology such as blockchain, distributed ledger technology, and artificial intelligence, Adeus Life provides a user-friendly solution that streamlines the process of preparing for the future.
- Market Demand: With less than half of adults in the UK having a will in place, there exists a significant market demand for accessible, secure, and modern legacy planning solutions. Adeus Life taps into this underserved market, offering individuals from all walks of life the opportunity to engage in end-of-life preparations with ease and confidence.
- Scalable Business Model: Adeus Life’s scalable business model positions it for exponential growth in the rapidly evolving digital landscape. As technology continues to permeate every aspect of our lives, the demand for innovative solutions in legacy planning is poised to soar. Adeus Life’s digital platform allows for seamless scalability, enabling the company to capitalize on emerging market opportunities and expand its reach globally.
- Experienced Leadership: Founded by industry veterans Nick Adams and Mark Hedley, Adeus Life boasts a leadership team with a proven track record of success in entrepreneurship, technology, and finance. With their combined expertise and vision, Adams and Hedley are well-equipped to navigate the complexities of the legacy planning industry and drive Adeus Life’s growth and success.
- Strategic Partnerships: Adeus Life has forged strategic partnerships with key players in the legal, financial, and technology sectors to enhance its offerings and extend its market reach. These partnerships not only validate Adeus Life’s credibility and value proposition but also position the company for strategic collaborations and synergies that drive long-term growth and value creation.
- Vision for the Future: Beyond its current offerings, Adeus Life has a clear vision for the future of legacy planning—one that encompasses not only will drafting but also comprehensive estate planning, asset management, and digital legacy preservation. With a commitment to continuous innovation and customer-centricity, Adeus Life is poised to become the go-to destination for individuals seeking to secure their legacies and protect their loved ones’ futures.
- How to get in touch: Visit their website at www.adeus.life, go to the “Contact Us” page, and fill out the form with your name, email, subject, and message.
- Email: Reach out directly at contact@adeus.life for inquiries, partnerships, or technical support.
- Social Media: https://uk.linkedin.com/company/adeus-life