I’m imagining myself having a 6+ figure net worth at some point in a few years, and I don’t know anything about how wills work.
Do EAs have hit-by-a-bus contingency plans for their net worths?
Is there something easy we can do to reduce the friction of the following process: Ask five EAs with trustworthy beliefs and values to form a grantmaking panel in the event of my death. This grantmaking panel could meet for thirty minutes and make a weight allocation decision on the giving what we can app, or they can accept applications and run it that way, or they can make an investment decision that will interpret my net worth as seed money for an ongoing fund; it would be up to them.
I’m assuming this is completely possible in principle: I solicit those five EAs who have no responsibilities or obligations as long as I’m alive, if they agree I get a lawyer to write up a will that describes everything.
If one EA has done this, the “template contract” would be available to other EAs to repeat it. Would it be worth lowering the friction of making this happen?
Related idea: I can hardcode weight assignment for the giving what we can app into my will, surely a non-EA will-writing lawyer could wrap their head around this quickly. But is there a way to not have to solicit the lawyer every time I want to update my weights, in response to my beliefs and values changing while I’m alive?
It sounds at the face of it that the second idea is lower friction and almost as valuable as the first idea for most individuals.
CW death
I’m imagining myself having a 6+ figure net worth at some point in a few years, and I don’t know anything about how wills work.
Do EAs have hit-by-a-bus contingency plans for their net worths?
Is there something easy we can do to reduce the friction of the following process: Ask five EAs with trustworthy beliefs and values to form a grantmaking panel in the event of my death. This grantmaking panel could meet for thirty minutes and make a weight allocation decision on the giving what we can app, or they can accept applications and run it that way, or they can make an investment decision that will interpret my net worth as seed money for an ongoing fund; it would be up to them.
I’m assuming this is completely possible in principle: I solicit those five EAs who have no responsibilities or obligations as long as I’m alive, if they agree I get a lawyer to write up a will that describes everything.
If one EA has done this, the “template contract” would be available to other EAs to repeat it. Would it be worth lowering the friction of making this happen?
Related idea: I can hardcode weight assignment for the giving what we can app into my will, surely a non-EA will-writing lawyer could wrap their head around this quickly. But is there a way to not have to solicit the lawyer every time I want to update my weights, in response to my beliefs and values changing while I’m alive?
It sounds at the face of it that the second idea is lower friction and almost as valuable as the first idea for most individuals.