AI Trust Automation

Joe Lonsdale proposes automating trust and estate management work using AI, leveraging existing wealth management infrastructure and SaaS software to make the process more efficient.

Key Points:

• Core Concept:

  • Use AI to automate the legal work around trusts and estate management
  • Connect with existing wealth management SaaS infrastructure
  • Target the trust and estate management industry

• Market Opportunity:

  • Could be a $1-2 billion business opportunity
  • Has existing distribution channels through wealth management networks
  • Current process is manual and inefficient

• Required Components:

  • Smart lawyers to oversee the system
  • Engineers with AI expertise
  • Integration with existing wealth management software

• Implementation Strategy:

  • Plug into existing SaaS software for estate management
  • Automate standard trust creation and management processes
  • Use AI to handle routine legal work while maintaining compliance

• Current Blocker:

  • Main limitation is finding the right engineers and AI talent to build it
  • Needs specific expertise in both legal and technical domains

This represents a clear opportunity to modernize trust and estate management, but requires the right technical talent to execute effectively.