Heirloom is an automated asset discovery and estate inventory platform designed for use by Trusts & Estates practices. The tool allows firms to offer estate asset search as a standalone service line billed to the estate.
Key features and functions include:
Automated Asset Search
The platform queries public and private records, including property records, business filings, court records, and UCC filings, to compile a decedent's estate holdings. The vendor states this draws on 120 billion records across more than 6,000 databases.
Multi-Source Account Discovery
In addition to public records, the platform can incorporate email analysis and connected bank account data to identify accounts, recurring payments, and other financial activity associated with the decedent.
Life Insurance and Unclaimed Property Search
The platform searches the NAIC database for life insurance policies and state unclaimed property databases across all 50 states.
Streamlined Intake Process
Firm staff enter a decedent's information to initiate a search, after which the compilation process runs without requiring ongoing manual management by the firm.
Billing Structure
The service is designed to be purchased by the firm at a base cost and billed to the estate through client disbursements.
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