Thursday, March 25, 2021
The Launch Pad at the University of Texas at Austin helps students "in the various stages of entrepreneurship navigate innovation across the Forty Acres." Apoorva Chintala has been particularly successful in the LaunchPad program. Chintala is a junior at UT and is pursuing degrees in management information systems, economics, and Plan II.
Chintala is the CEO and co-founder of Clock Inc., "an online platform for effortless and legal digital estate planning." This month, Chintala was selected as a finalist for the Spring 2021 LaunchPad Fellowship.
Chintala has taken notice of the current gaps in estate planning, especially the gaps caused by the trouble to keep up with the ever-evolving digital world. Chintala began catching on to these issues when her grandfather died her sophomore year of high school.
"Since then, Clocr has been growing and recently pivoted to become the only solution for digital estate planning in the world that is compliant with the Revised Uniform Fiduciary Access to Digital Assets Act (RUFADAA)."
Compliance with the RUFADAA is vital because it ensures that you and your loved ones safe from identity theft, privacy law violations, loss of money and time, and more.
Chintala said, “My grandfather passed away, and my dad is the eldest of his siblings. He had to fly to India, where the majority of my family lives, to sort through boxes and boxes of loose documents. Having to deal with guessing what my grandfather’s wishes were while also processing his death was a lot to deal with emotionally.”
It appears that the business world has caught on to the need for a more digital-ready form of estate planning. Clock has won or placed in 12 entrepreneurship competitions in this past year alone.
It will be interesting, and exciting, to see how Clocr evolves and how it impacts estate planning as we know it.
See Barrett Ward, This UT Student Startup Is Bringing Estate Planning Into the Digital Age, UT News: Business & Economy, March 24, 2021.
Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.