New AI Tool Helps Advisors Offer Estate Planning

Digital estate planning platform Wealth.com launched Ester, a legal assistant that it said uses artificial intelligence and machine learning to enable financial advisors to make estate planning more accessible, cost effective and scalable for their clients.

The new digital tool automates “tedious and laborious tasks traditionally handled by financial analysts and in-house paralegals, empowering financial advisors to efficiently deliver customized wills, trusts and other estate planning documents,” the company said.

Ester introduces two significant features: the ability to understand specific client goals and the intricacies of existing estate plans; and short- and long-term memory, allowing it to incorporate a client’s prior actions into its responses, Wealth.com pointed out.