COVID-19 Causes Separation – Technology Delivers Solutions and Connection, Including Ways to Settle Estates Online
FairSplit.com has seen a surge in use since Covid-19 has nudged older people to adopt technology for help with their estate plans and settlement. The newly found willingness for elderly users to accept online and technology solutions is driven by their desire for family connections, entertainment, medical access and more – all things not easily available with today’s social distancing restrictions.
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Like most, David MacMahan, CEO of Fairsplit.com has never seen a situation like this before, but he is well aware of family anxieties around the loss of loved ones and challenges older people have using online technology. However, his web-based program is a draw, because it reduces conflict, at least over things in an estate—when there’s a death, divorce or downsizing, and is mostly used by people over fifty.
A few months ago, COVID-19 was an unknown threat. Today, it’s a social and economic contagion that has changed our way of life. With new-found time, and a more acute awareness of our mortality, Boomers are taking home inventories, organizing, clearing out, and doing estate planning.
Most agree the “technology tsunami” forced upon us, enables the necessities of life to get done! The internet is a powerful means for older generations to connect to all people, places and things. They are catching the wave, so to speak. Boomers and seniors, are now willing to “log in”—albeit with some fear and loathing. As MacMahan states: “Desperation breeds innovation, and in these times, adoption of those innovations speeds up when there is little alternative.”
A hunger for connection, access to health care, the magnetic appeal of grandkids’ interactions, and a safe doorway to make purchases and the draw of enjoying online games, overrides their resistance. Terms that might have once held no meaning, are now essential knowledge: click, refresh, sync and download.
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David MacMahan, CEO of Fairsplit.com typically works with these older age groups. FairSplit is an innovative online subscription tool used to list, share and divide personal property of every size estate. A much-needed tool for the children and heirs of parents in their eighties and nineties whose estates must be settled in an unsettling time. It’s also a time-saving program for lawyers and trustees; they have described it as providing the transparency and efficiency needed for the process.
As an inventor, David knows a good invention solves a problem or makes life much easier. He explained: “Painful times in my own life motivated me to develop FairSplit—when my father died, and again with my divorce, we had difficulty dividing the personal property from a distance in one case and without emotional charge in the other.”
Yes, the Boomers and seniors are now accepting, even embracing, this wave of technology and many new experiences online. Their login and blinking cursor on the screen has become the means to tune into life and get through these troubling times.
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