According to a survey conducted by Caring.com, approximately 68% of Americans do not have a Will. The survey has revealed that the number of young adults with an up-to-date Will has skyrocketed since 2020, with most sources pointing at the Covid-19 pandemic being the main reason.
Parick Hicks, Head of Legal at Trust & Wills had stated:
“The COVID-19 Pandemic has changed the nation’s perspective on many things, and estate planning is definitely one of them. “COVID-19 has significantly increased the demand for estate planning. The pandemic has led many to look for estate planning services that are accessible without going into office buildings or public spaces. For each of these, COVID has accelerated trends that were already in place. We expect to see these trends continue even after the impact of COVID-19 becomes less acute.”
Prismm, an American online agency that provides secure digital vaults where customers could safeguard and organize critical data and information has brought hope to the families of thousands of US citizens that have transistioned without a legally relevant testament.
The brand emphasizes that the process of sifting through numerous private accounts, financial records, and a myriad of social network platforms can be remarkably painful for bereaved friends and family members. Prismm was specifically designed to ease the described administrative burden, by offering a centralized location your loved ones can access to view your essential information and handle your affairs when needed.
Prismm users can add connections, which are people of trust, such as family members, close friends, or a significant other. Connections are also beneficiaries, lawyers, and legal advisors. The accounts are meant to be accessed by trusted individuals exclusively, who will be privy to the information that the users have stored should it need to be used.
Regarding the type of information stored on Prismm accounts, the brand states:
“The information stored in a Prismm account is the information you choose to add. Accounts have places for you to store documents, property & assets, and financial accounts. Additionally, instead of choosing to store a document with Prismm, you can choose to store the location of the document, i.e. in a safety deposit box at Wells Fargo. Prismm accounts are designed for essential information. Prismm is not designed for mass photo or video storage.“
The brands utilizes the integration services of MX.com to handle bank and financial account aggregation. The ability to view all ones financials accounts in one place takes the headache out of digging through mailboxes and drawers for bank statement. According to the brand, adding financial accounts mandated taking additional measures to ensure privacy. The very “essence of Prismm is privacy. Customers pay for our service to share sensitive information with others while maintaining control over the levels of privacy of their information. We sell privacy, and privacy is all we sell.“
Prismm also handles account transition processes, whether they’ve been warranted by death or incapacitation of the account owners. All accounts are guarded by best in class encryption, which enables data and information safety, protection, and privacy.
More information about Prismm can be found on the brand’s official website.