Award-winning legal technology provider, Arken.legal (UK) Ltd, has launched Arken Lifetime – a new efficiency tool for creating Trust documentation.
Users of Arken Professional – the original private client document drafting software – can now add Arken Lifetime to their subscription and create Inter Vivos (IV) Trusts in the same way as Wills, Lasting Powers and other estate planning documents. This new module speeds up the drafting process, uses the same information previously inputted and enables consistency across the practice and client documents. Access up-to-date precedents, store everything in one place and ensure Trust documentation presents the same look and feel as existing Arken Professional documents.
“We want to help the busy practitioner become more efficient, more profitable and – given the events of 2020 – more protected against the future,” explains MD of Arken.legal, Dave Newick. “We listen closely to user feedback and have prioritised the development of Arken Lifetime to enable significant time savings when it comes to drafting IV Trusts. Time is everything. Finding efficiencies unlocks so much for businesses and individuals – whether it’s breathing room to focus on other important business areas, or the opportunity to achieve that important work / life balance and enjoying the freedoms that comes with it.”
The different types of IV Trusts available are:
- Interest in Possession Trust (General)
- Flexible Life Interest Trust
- Discretionary Trust
- Pension Death Benefit Trust
- Charitable Trust
“You no longer have to go through Word document precedents – everything populates through the intelligent questionnaire and is available at the click of a button,” explains Arken.legal’s Head of Legal Content, Sam Warner. “When starting a new document within Arken Professional, you would have the option of adding a new Testamentary document or a Lifetime document. If you choose an Arken Lifetime document, this will then open up your drafting in another tab, enabling you to switch back to Arken Professional client manager when needed. Any contacts and addresses used already within any testamentary documents will be available for you to use in Arken Lifetime, also.”
“Adding another time-saving product to our product suite reaffirms our commitment to efficiency, flexibility and innovation, as it provides our users with further opportunities to work productively and securely, from wherever they are.”
Arken Lifetime is available to Arken Professional users who have the right to create Trust documentation.
For more information about Arken Lifetime and to book a remote demonstration: https://arken.legal/uk/products/arken-lifetime
T: 01732 867792
