Democratising inheritance: AI tool handles estate administration
AI agents in the platform automate tasks like data extraction, form filling, and bank communication to reduce cost and complexity.
Lauren Kolodny, who early backed Chime and earned a spot on the Forbes Midas list, is leading a $20 million Series A funding round into Alix, a San Francisco-based startup using AI to revolutionise estate settlement. Founder Alexandra Mysoor conceived the idea after spending nearly 1,000 hours over 18 months managing a friend’s family estate, highlighting a widespread, emotionally taxing administrative gap.
Using AI agents, Alix automates tedious elements of the estate process, including scanning documents, extracting data, pre-populating legal forms, and liaising with financial institutions. This contrasts sharply with the traditional, costly probate system. The startup’s pricing model charges around 1% of estate value, translating to approximately $9,000–$12,000 for smaller estates.
Kolodny sees Alix as part of a new wave of startups harnessing AI to democratise services once accessible only to high-net-worth individuals. As trillions of dollars transfer to millennials and Gen Z in the coming decades, Alix aims to simplify one of the most complex and emotionally fraught administrative tasks.
Would you like to learn more about AI, tech and digital diplomacy? If so, ask our Diplo chatbot!
