8A - Solving The Problem

Isaiah Miller

UFID: 80191457

Solving The Problem

5/27/2020

The hypothesis/belief that I chose is: People going through major life transitions where assets must be liquidated are unable to quickly and efficiently get through the transitions due to the logistical complexities of each transition.  I see an opportunity to help these people that are facing new and complex situations bridge the gap by acting as the hub of their wheel.  This hub would be a full-stack, vertically integrated service that helps the client tackle their own unique situations by connecting them with, or acting with, the service they are in need of.

A few major life transitions where that involve many complexities outside of what the lawyer will help with include divorce, transitioning to an assisted living facility or nursing home, and acting as the personal representative of an estate. All of these scenarios are accompanied by overwhelming emotions, and encompass elements of grief.  The unmet need of the grieving party, which is either the beneficiaries of the estate, or the personal representative, is the need to get rid of all the 'stuff' they're now responsible to liquidate, including real property like real estate, and personal property like vehicles, collections, furniture, and straight-up junk.  This is a brand new responsibility or 'need' of the party, and although they have their own lives and daily duties, this is a new chore they've been assigned to handle.  Currently, these affected parties are figuring out the best ways to go about liquidating the unwanted assets in a timely manner, including listing the real estate with an agent, selling the 'stuff' at an estate sale, and selling the car to a car dealership or car purchasing business.  They are faced with many decisions, and are likely feeling the pressure of making the 'right' choice.  This takes a lot of time, energy, and focus on a situation that is already extremely emotional and confusing.

Not only will we be helping the clients liquidate the assets they're no longer in need of, we will be guiding them through the steps, helping them accomplish tasks that require attention, and connect them with our network of highly vetted service providers in their area.  This way, depending on their goals for their transition, they will have a shepherd to help alleviate the stress, confusion, and pain.