Heirloom is an estate settlement software platform designed to help executors, administrators, and other estate representatives organize, manage, and track the tasks involved in settling a decedent's estate.
Key features and functions include:
Automated Asset Discovery
Searches public and private records — including property records, business filings, court records, and UCC filings — to identify real estate, bank accounts, investment and retirement accounts, business interests, credit cards and debts, vehicles, and other assets and liabilities belonging to a decedent.
Life Insurance and Unclaimed Property Search
Searches the NAIC life insurance policy locator and state unclaimed property databases across all 50 states to identify life insurance policies and dormant accounts that might otherwise go unclaimed.
AI-Assisted Document and Email Analysis
Uses third-party AI/large language model providers to review uploaded estate documents, such as wills, trusts, and financial statements, to generate estate administration guidance and a settlement plan. An AI-assisted email analysis feature can also review a decedent's email account for financial statements, bills, and account notifications that may reveal additional assets.
Bank Account Analysis
Connects to bank accounts to analyze transaction history and identify related investments, loans, and recurring payments.
Estate Administration Platform
Provides tools to organize and track probate and estate settlement tasks, along with a portal for beneficiaries to receive status updates.
Managed Service Option
In addition to self-help software tiers (Asset Discovery and Executor Toolkit), Heirloom offers an optional concierge-style Managed Service in which a dedicated Heirloom estate specialist performs estate administration tasks — such as preparing filings and corresponding with financial institutions, creditors, and beneficiaries — on the executor's behalf, under a separate service agreement. Heirloom states that its estate specialists are not licensed attorneys and that its services do not constitute legal advice or legal representation.
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