Will an app replace a will?

On the occasion of the International Week for Writing Wills, the Good Day programme of TVP 3 Warsaw featured legal adviser Paweł Kempa-Dymiński from our team, who explained why drawing up a will is a key element of looking after the future of your loved ones.

It is worth remembering that a will is only one element of succession planning (especially important in the case of succession of family businesses). It is also important to ensure that our loved ones have real access to the information they need (ensuring such access is, by the way, advisable not only in the event of our death, but also, for example, in the event of sudden serious illness, accident, etc.). This is particularly crucial when it is necessary to maintain the continuity of certain activities (contributions to certain causes or business operations).

New technologies may be the answer to these challenges.

The programme also featured Paweł Soproniuk, co-creator of the interesting LegacyApp, who touched on modern tools that facilitate the management of information crucial to succession. As noted by r.p. Kempa Dymiński, the problem may not be the will itself (this one is increasingly being made), but finding it.

LegacyApp is used to store important information concerning our lives, such as passwords to bank accounts, data on credit agreements or investments held (including alternative ones – such as antiques or cryptocurrencies – which our loved ones may not even know about). The data is encrypted and the app does not have any access to it.

Paweł Kempa-Dymiński assessed that this could be a very interesting and helpful tool: “We have a will, but without knowing the details, such as loans or investments, we can lose access to important assets. Modern solutions, such as this app, help to collect and secure this data thoughtfully and pass it on to our loved ones when the time comes.”

For the time being, however, this technology will not replace a will (which must be handwritten or notarised), but it can be a helpful tool for managing access to our assets and executing a will in practice.

#Will #Inheritance Law #Technology #Law #Innovation.