Legal Karma provides a white-label estate planning platform that integrates self-service forms and document automation directly into financial institutions' websites. This solution enables banks and credit unions to offer estate planning services, addressing the lack of basic wills among Americans and facilitating generational wealth transfer.
Funding
$3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many Americans lack basic estate planning documents like wills and trusts, leading to potential complications in wealth transfer and family disputes. Financial institutions often miss opportunities to engage clients in legacy planning and provide related financial services.
Solution
Legal Karma offers a white-label estate planning platform that integrates directly into financial institutions' existing websites and portals. This embedded solution enables banks, credit unions, and wealth management firms to offer self-service will and trust creation tools under their own brand. The platform provides guided questionnaires, document automation, and member support, allowing customers to create customized estate plans. Financial institutions can leverage Legal Karma to generate non-interest income, promote financial wellness, and strengthen customer relationships by facilitating generational wealth transfer.
Target Audience
The primary target audience includes credit unions, banks, and wealth management firms seeking to offer estate planning services to their members and customers.
Features
- Embeddable widgets for seamless integration into existing websites and portals
- Guided questionnaires to collect necessary information from members
- Automated document generation for wills, trusts, and other estate planning documents
- White-label branding to maintain a consistent customer experience
- Member support via phone and chat during business hours
- Integration with banking platforms for streamlined data management
- Reporting dashboards to track program performance and revenue generation
- Two complimentary updates to estate plans within the first six months