Kunal Nayyar, known for acting in âThe Big Bang Theoryâ, has co-founded a new business which is described as âan app designed for families and legal professionalsâ that âstreamlines the storage and organisation of legal documents such as wills, trusts, powers of attorney documentationâ. It is branded as IQ121.
So, beyond the Hollywood glitter, what is actually there? Well, the new company spells out all the types of documents the app can store, listing everything from insurance docs to health records, to contracts.
But…er….there are already a lot of applications out there where you can store stuff. Plus, the connection to the legal world is a bit tenuous. I.e. you can store records in there that have a legal dimension â but you could also store photos of your favourite cacti, a copy of your grandmotherâs lasagne recipe, and anything else.
However, the startup adds they have âmilitary grade encryptionâ to protect those documents, and that is âAES-256 encryption’.
The company says that: âThe idea for IQ121 was generated by Kunal during the COVID-19 pandemic. While organizing his parentsâ trip from India to the U.S., struggling to gather flight numbers, passport details and hotel confirmations, the frustration led him to question: âWhy isnât there an easier way to share this information?ââ
One thing that is perhaps useful is that storage plans will automatically âpass down through trusted successors, ensuring a familyâs legacy lives onâ, which could be useful for wills and probate needs. And, you can also make videos and store them, ensuring family messages are stored forever.
Is this a big deal? One can see consumers using it if they donât just want to use Dropbox or other document stores. But, can’t really see this flying as a ‘legal tech’ tool. But, AL could be wrong.
You can find more info about IQ121 here.
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If youâre interested in the cutting edge of legal AI and innovation â and where we are all heading â then come along to Legal Innovators California, in San Francisco, June 11 and 12, where speakers from the leading law firms, inhouse teams, and tech companies will be sharing their insights and experiences as to what is really happening.
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