One of the most unexpected things I saw at the CES unveiling showcase earlier this week was a new service called “Childfree Trust,” which, as it says on the tin, provides estate planning for people without children.
Some may interpret it as a provocative name, but it is not intended to be so. Founder Dr. Jay Zygmont came up with the idea after spending years as a certified financial planner. They found that, not only do a large portion of adults – about 20% – not have children, but they also have fewer options if they are trying to manage their affairs at the end of their lives.
Childfree Trust fills that gap. Zygmont and his team have partnered with a trust company and provide power of attorney (medical and financial), and the ability to act as executor and trustee of the estate.
The goal is not only to help those who do not have children manage end-of-life care, but also to reduce elder abuse with around-the-clock support. The subscription service launched this week, and I’m looking forward to seeing it take off as Zygmont tries to grow it.
