Leading Estate Planning Doug Newborn founder of Doug Newborn Law Firm, PLLC, in Tucson, AZ, explains why it's best to avoid using a computer when creating a will or a trust. For more information please visit https://dougnewbornlawfirm.com
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Arizona Estate Planning Attorney Doug Newborn has warned that a $750,000 University of Arizona project utilizing computer science/AI to build better wills is "a bad idea" as it potentially removes the inherent human legal advice aspect.
For more information please visit https://dougnewbornlawfirm.com
Newborn spoke out after a team of University of Arizona experts in artificial intelligence, law and computer science came together to build software to create and execute wills easier. The project is being funded with $750,000 from the National Science Foundation's Designing Accountable Software Systems program.
But the Founder of Tucson's Doug Newborn Law Firm, PLLC, said: "Allowing software to try and create a will is simply a bad idea because it removes the legal advice nature of making a will.”
"Rather than let a computer reduce a will to software and algorithms, anyone can seek professional Estate Planning advice from an attorney skilled in that sector. They offer the advice and experience that a computer cannot."
Creating a robust, regularly updated Estate Plan, with the aid of a skilled attorney, supported by documents and with clear guidelines on who the executor is, the beneficiaries and allocation of assets can offer exceptional peace of mind in the long run – without the need for a computer's help.
He added that one of the University's premises for the project in counteracting an attorney's fees – one of the supposed barriers to making a Will – "didn't make sense".
Newborn emphasized: "If someone doesn’t have the financial resources to hire an attorney for a simple Will, then perhaps use of an artificial intelligence program can be effective, because in that situation there likely aren’t a lot of assets to distribute to someone’s heirs and so there are less things to consider in creating someone’s estate plan.”
"However, if someone has enough money and assets, such as cars, real estate, investments, and/or jewelry that they want to distribute to beneficiaries after they die, then that person likely has the resources to pay a lawyer to draft an effective and robust estate plan.”
He added: "A qualified Estate Planning attorney will ensure that all the angles of your estate are covered, can cast an expert eye over your plans and suggest improvements that could make the whole process more efficient - and less stressful for your grieving relatives."
He raised another human issue – changing your Will to reflect changing times and family dynamics. "Can a computer be flexible enough to quickly change a will that is recognized in law?”
“Approaching your own attorney to change a Will isn't time-consuming and can be adjusted efficiently. The human input into a Will should never be compromised on."
Source: http://RecommendedExperts.biz
Contact Info:
Name: Doug Newborn
Email: Send Email
Organization: Doug Newborn Law Firm, PLLC
Address: 7315 North Oracle Road, Suite 230 Tucson, AZ 85704
Phone: (520) 276-0236
Website: https://dougnewbornlawfirm.com
Release ID: 89082221
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