Luminary AI: Transforming documents into dynamic data in a click

Overcoming disparate estate planning data

Advisors often face the challenge of navigating vast amounts of complex and fragmented information when seeking to understand and analyze a clients’ estate structure. The disparate nature of information not only slows down the planning process, but also increases the risk of human error, misinterpretation, and the formation of data silos, making it difficult to gain a cohesive and comprehensive view of the client’s estate. Traditional methods of managing multiple excel and powerpoint files make it challenging to analyze and visualize data efficiently, hampering an advisor’s ability to provide timely insights and customized recommendations.

From dense to digital in minutes

With Luminary’s new AI onboarding, advisors can instantly transform disconnected information into cohesive digital records, ready for analysis. Luminary has developed a proprietary AI solution with specialized expertise in understanding and analyzing Trust & Estate documents. Designed to process multiple complex documents simultaneously – from Trusts and Wills to Operating Agreements and Tax Returns – Luminary AI extracts and organizes active and testamentary entities, individuals, and organizations, within Luminary as a digital source of truth.

This structured data can then be harnessed within Luminary’s visualization and analysis tools, including mapping estate waterfalls and conducting hypothetical ‘what-if’ analysis on current estate plans, to create personalized client deliverables in minutes. This streamlined approach significantly reduces administrative time, and enables advisors to focus on higher-value tasks, such as strategic planning and client relationship management.

Additionally, Luminary AI automatically generates summaries of each uploaded document, highlighting key information in an easy to read format. With proprietary summary templates for over 30 document types – and an expanding library – Luminary provides estate planners with a streamlined way to institutionalize knowledge and seamlessly share it with the client and their ecosystem of advisors.

Unmatched accuracy and coverage

Luminary AI achieves a 98% accuracy rate in extracted entity details and is designed with a human-in-the-loop approach, enabling users to verify data and trace it directly back to its original location in the documents. Users can also pose questions, such as, “Who benefits from this trust upon death?” and Luminary AI will provide a concise answer while guiding users to where the answers are found.

As the leading AI-powered platform in estate planning, Luminary offers the most comprehensive trust & estate data extraction solution in the field, with support for revocable trusts, irrevocable trusts, SLATs, ILITs, trust amendments, LLCs, LPs, GPs, S-corporations, and C-corporations.

As easy as drag, drop, and go

Getting started is simple: bulk upload all of your client’s documents and let Luminary AI do the work for you. Once data extraction is complete, identified entities, individuals, and organizations are presented in a guided, multi-step flow, allowing you to easily confirm and select the details to save into the database. Clear, concise summaries are automatically generated for each uploaded document.

Luminary's innovative AI onboarding process is already in the hands of beta users, and rolling out to all customers this month. Interested in seeing it in action? Reach out to our sales team today to experience a live, personalized demo.