By far one of the most unexpected things I came across at CES Unveiled showcase earlier this week was a new service called “Childfree Trust” which, as it says on the tin, offers estate planning for people without children.
Some might interpret that as a provocative name, but it’s not intended to be. The idea came to founder Dr. Jay Zigmont after he spent years as a certified financial planner. He noticed that, not only does a large portion of adults — around 20% — not have children, they have few options if they are trying to manage their affairs at the end of their lives.
Childfree Trust fills that gap. Zigmont and his team have partnered with a trust company and offer power of attorney (medical and financial), and the ability to act as executor and trustee of the estate.
The goal is to not only help people who don’t have children to help manage end-of-life care, but also to cut down on elder abuse, all with around-the-clock support. The subscription service launched this week, and it’s one I’m eager to see play out as Zigmont tries to grow it.
