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AI and the World of Estate PlanningAI and the World of Estate Planning

Artificial intelligence symbolizes both a promise and a threat.

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Michael L. Graham, Jeff Glickmanand 2 more

January 23, 2020

36 Min Read
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The term “artificial intelligence” and its initialism, “AI”, appears thousands of times a day in the media and advertising. Should the legal profession be encouraged or concerned? Will we see the practice of law change radically? Does it appear that our society will change radically? Will it help us or hurt us?  

The answers are Yes, Yes, Yes and Yes. 

These words symbolize both a promise and a threat. AI often produces a vision of greater productivity, with less time spent per task. Simultaneously, it produces a vision in which we professionals and our paraprofessionals may become extraneous. Of course, more than a few are concerned that humankind might become irrelevant. Regardless of these concerns, the increased productivity and effici...

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About the Authors

Michael L. Graham

Attorney and Advisor, Houser firm

Michael L. Graham is an attorney and advisor at the Houser firm in Dallas as to ethical and fiduciary duties.

Jeff Glickman

Mr. Jeff Glickman is a computer scientist trained at the University of Illinois at Urbana-Champaign. His expertise is in artificial intelligence, image processing and stochastic computation. He holds numerous patents including foundational patents for machine learning. He developed the first artificial superintelligence and discovered the first artificial general intelligence. He is the Chair Emeritus of the Seattle Section of the Institute of Electrical and Electronic Engineers (IEEE), Senior Member of the IEEE, and previously served on the IEEE Technical Committee on Semantic Computing. He is President Emeritus of the American Society for Photogrammetry and Remote Sensing, Puget Sound Region and has served on the ASPRS Forensics Working Group and the ASPRS Student Advisory Committee. He served on the Washington State Forensic Investigations Council where he had oversight responsibilities for the Washington State Crime and Toxicology Laboratory system. Mr. Glickman is the past Chairman of the City of Hood River, Oregon, Planning Commission and the past Deputy Mayor of Woodinville, Washington. Mr. Glickman currently serves as an Executive Director of J4 Capital LLC, an Artificial Intelligence investment advisor, where he is responsible for research and development and also serves as a Board Member for The International Group for Historic Aircraft Recovery. He is a frequent contributor on television, in newspapers, and at conferences.

Jonathan G. Blattmachr

Principal, ILS Management, LLC

 

Mr. Blattmachr is a Principal in ILS Management, LLC and a retired member of Milbank Tweed Hadley & McCloy LLP in New York, NY and of the Alaska, California and New York Bars. He is recognized as one of the most creative trusts and estates lawyers in the country and is listed in The Best Lawyers in America. He has written and lectured extensively on estate and trust taxation and charitable giving.

Mr. Blattmachr graduated from Columbia University School of Law cum laude, where he was recognized as a Harlan Fiske Stone Scholar, and received his A.B. degree from Bucknell University, majoring in mathematics. He has served as a lecturer-in-law of the Columbia University School of Law and is an Adjunct Professor of Law at New York University Law School in its Masters in Tax Program (LLM). He is a former chairperson of the Trusts & Estates Law Section of the New York State Bar Association and of several committees of the American Bar Association. Mr. Blattmachr is a Fellow and a former Regent of the American College of Trust and Estate Counsel and past chair of its Estate and Gift Tax Committee. He is author or co-author of five books and more than 400 articles on estate planning and tax topics.

Among professional activities, which are too numerous to list, Mr. Blattmachr has served as an Advisor on The American Law Institute, Restatement of the Law, Trusts 3rd; and as a Fellow of The New York Bar Foundation and a member of the American Bar Foundation.