About
Luminary is a purpose-built AI estate planning software solution that transforms the traditionally time-consuming and document-heavy process of trust and estate planning into a streamlined, data-driven workflow. Designed for registered investment advisors (RIAs), estate attorneys, and family office professionals, Luminary uses proprietary AI algorithms to upload, summarize, and convert static estate documents into structured digital records in minutes. At its core, Luminary AI extracts key information from uploaded documents and organizes it into ongoing modeling and reporting datasets. Estate360 generates polished, client-ready summaries, while dynamic estate flowcharts replace static, quickly outdated diagrams with live, connected visuals that reflect current asset and plan data. The platform's analysis tools allow advisors to simulate different growth rates, longevity scenarios, and planning strategies, empowering clients to understand outcomes and make informed decisions. Automated state and federal estate tax calculations further reduce manual effort. Collaboration is built in through role-based permissions, allowing investment, tax, and legal advisors to work together around a single source of truth—eliminating redundant work and improving transparency across complex advisory teams. Luminary offers tiered plans: Luminary Go for essential features, Luminary Pro for advanced tooling, and an Enterprise tier with enhanced security, scale, and dedicated support. It also integrates with existing tools to sync client data seamlessly. The platform is trusted by leading RIAs and has demonstrated up to 80% reduction in case preparation time and over 90% accuracy in AI-extracted data.
Key Features
- Luminary AI Document Digitization: Upload any estate or trust document and the AI instantly summarizes it and extracts structured data for ongoing modeling and reporting—reducing hours of manual work to minutes.
- Dynamic Estate Flowcharts: Build connected, always-up-to-date estate plan diagrams that visually map who receives what and when, with automated state and federal estate tax liability calculations built in.
- What-If Scenario Analysis: Model different growth rates, longevity scenarios, and planning strategies to simulate outcomes and help clients understand the impact of key decisions.
- Estate360 Client Summaries: Generate polished, client-ready estate plan summaries in minutes that clearly communicate complex planning concepts in an accessible format.
- Role-Based Team Collaboration: Investment, tax, and legal advisors can collaborate around a single source of truth with role-based permissions, reducing redundant work and improving cross-team transparency.
Use Cases
- RIA firms digitizing large volumes of client estate documents to build structured data records for ongoing planning and reporting.
- Estate attorneys generating client-ready summaries of complex trust structures to improve communication and reduce preparation time.
- Family office advisors modeling multi-generational wealth transfer scenarios using what-if analysis tools and automated tax calculations.
- Advisory teams collaborating across legal, tax, and investment disciplines on a unified platform with role-based access controls.
- Wealth management firms scaling their estate planning capacity by using AI to handle routine document processing, freeing advisors to focus on strategy.
Pros
- Dramatic Time Savings: Luminary reduces client case preparation time by up to 80%, allowing advisors to handle more clients and focus on strategy rather than document processing.
- High AI Accuracy: With over 90% accuracy in extracted data, advisors can trust the AI-generated records as a reliable foundation for planning—minimizing costly manual errors.
- Purpose-Built for Estate Planning: Unlike generic AI tools, Luminary's algorithms are specifically designed for complex estate and trust concepts, delivering far more relevant and nuanced outputs.
- Seamless Collaboration: Role-based permissions and integrations with existing tools make multi-disciplinary team collaboration straightforward and transparent.
Cons
- Highly Niche Audience: Luminary is purpose-built for estate planning professionals, making it unsuitable for use cases outside trust, estate, and family office advisory work.
- Advanced Features Require Higher Tiers: Many powerful capabilities—such as advanced security, scale, and full analysis tooling—are locked behind Pro or Enterprise plans, which may be cost-prohibitive for smaller firms.
- Human Review Still Required: Despite 90%+ AI accuracy, extracted data and summaries should still be reviewed by a qualified professional before being used in client-facing deliverables.
Frequently Asked Questions
What types of documents can Luminary process?
Luminary can process a wide range of trust and estate planning documents, including wills, trust agreements, asset schedules, and other legal or financial records commonly used in estate planning engagements.
How accurate is Luminary's AI data extraction?
Luminary AI achieves over 90% accuracy in extracting and structuring data from uploaded documents. The platform is designed with a human-in-the-loop interface so advisors can review and refine extracted records before use.
Who is Luminary designed for?
Luminary is built for registered investment advisors (RIAs), estate attorneys, family office professionals, and advanced planning teams who work with complex, high-net-worth clients on trust and estate matters.
Does Luminary support team collaboration?
Yes. Luminary includes role-based permissions that allow investment, tax, and legal advisors to collaborate around a shared source of truth, reducing redundant work and improving coordination across disciplines.
What pricing plans does Luminary offer?
Luminary offers three tiers: Luminary Go for essential features, Luminary Pro for advanced planning tools, and an Enterprise plan with enhanced security, scalability, and dedicated support for complex teams.
