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GET A PIECE OF LEGACY CONCIERGE
Empower your Digital After Life™
We protect wealth after a person passes away. Most people do not leave their heirs and executors with organized instructions on the location of all of their assets. We catalog, locate and secure these assets using our proprietary systems and software, saving hundreds of hours of tedious work and thousands of dollars per estate. One of every eight deaths results in identity or other theft and loss. Over $60B in assets are abandoned each year because records are misplaced or stored on electronic devices. Executors and heirs do not know how to retrieve the online photos or other memories of a decedent on social media. Legacy Concierge systems solve all of these problems.
$25,495.89 Raised
Reasons to Invest
Early Advantage: According to our research, we are not aware of another company that has the substantial suite of software and library of protocols to document assets, close accounts and retrieve personal online memories. We have invested 4 years and over $1,000,000 to develop these systems.
Huge Potential Market: Over 3 million people pass away each year, according to the CDC. Our market is the top 5% of estates (150,000 people) each with an average wealth of over $3,000,000. We bill on average $7,000 per estate, thus resulting in an addressable market of over $1B per year.
Partners: With our Version 1.0 recently completed, we have been test-marketing and now we have partnered with a number of law firms and wealth advisors to roll out our services nationwide. We plan to use the funding from this offering for this marketing to greatly increase the penetration of our services and further development of Version 2.0.
Overview
How We Do It
LOCKYT Legacy Vaults – Asset information (financial accounts, contacts, professional advisors, legal documents, business and partnership information) is entered into our secure personal data base (vault) through a user-screen. Unlimited data, documents and advisors can be entered. Digital asset information is collected for emails, financial, government, housing, insurance, loans, property, services, shopping and social. All data is secured on the Microsoft AZURE platform, encrypted enroute. Our security has been externally tested with no reported bugs.
LOCKYT Services – We have developed and tested over 300 notification protocols to notify credit card companies, banks, financial companies and government agencies to lock accounts. We have made arrangements for electronic transfer of asset creditors and other information from a large national credit reporting agency securing most necessary data without tedious input from the client. We have conducted more than 250 notifications with Facebook, LinkedIn, Apple and Google; with six banks, three credit reporting companies, four airlines and dozens of shopping sites (apps) that appeared on the decedent’s phone and on credit card statements. We reported the decedent’s death to government agencies such as the DMV, Passport Office and Social Security.
Advocacy and Education – We have helped companies and custodians respond to fiduciary requests more user-friendly. As an example, we worked with Google and also with Apple to reduce documentation, compliance timelines and legal orders that enable fiduciary access to digital assets (email, contact lists, photos, documents, payment records and the like) of the decedent. Before we had these discussions, Google required a specific court order for a fiduciary to access a decedent’s pictures and other information.
We have laid the groundwork for our sales effort by presenting over 25 international educational programs for attorneys, financial planners, wealth managers, trust officers and funeral directors. Our Digital Asset Assessment and Affiliate LOCKYT Provider programs have been launched.
How We Deliver Our Service
Our solution is a SaaS (Software as a Service) application that locates and secures paper and digital asset records using our proprietary software technology, thus saving hundreds of hours of tedious work and thousands of dollars per estate.
We believe our Company is the leading service that helps define, maintain and preserve the Digital After Life™ of our clients, as a benefit to the next generation. With us, you can invest in a unique company that is filling the void and providing valuable services for high net worth individuals and families at a time of upset.
We offer an online subscription to organize data and documents in a secure electronic vault during a person’s lifetime. Upon death, we either use the contents of an existing vault or we collect information as of the date of death to establish a vault. We maintain and use an extensive library of notification protocols for over 300 companies holding emails, credit cards, banks and securities statements, government licenses, housing services, insurance policies, NFTs and cryptocurrency, payment services, shopping sites, social media and the like. We use these protocols to notify these accounts of death, change of address and to secure accounts.
the problem
Digital Assets are Everywhere, Hacking and Identity Theft is Growing
Does it make sense to lock the front door while leaving the windows and back door wide open? Of course not. But if you fail to catalogue your financial accounts and secure your digital assets, you are putting your estate at risk and making life difficult and stressful for your heirs.
Most people do not leave their heirs and executors with complete organized instructions on the location of all of their assets. Identity theft is growing; one of every eight deaths results in identity or other theft and loss.
Over $60 billion in assets are abandoned each year because records are misplaced or stored on electronic devices. Executors and heirs do not know how to retrieve the photos or other memories of a decedent.
And here’s what quantifying that problem looks like:
Sources: Forbes, Smart Asset ($49.3B - states), Treasury Direct ($30B - savings bonds), AARP, company's internal research
the solution
Software as a Service (SaaS) Platform That Delivers Peace of Mind, Closure and Savings
Our solution is a SaaS service application that locates and secures paper and digital asset records using our proprietary software technology saving hundreds of hours of tedious work and thousands of dollars per estate. We analyze the digital footprint, organize the asset records, and secure information for their family, fiduciaries and trust officers who want to preserve the value of the estate, including the money and the memories. We then use our proprietary protocols to close or freeze accounts.
We offer an online subscription to organize data and documents in a secure electronic vault during a person's lifetime. We also build these vaults upon death, in large part at the request of estate law firms, enabling our Company to generate immediate income while establishing a valuable pipeline of living Clients.
Upon death, we use the contents of an existing vault or we collect information as of the date of death to build a vault at that time. We maintain and use an extensive library of notification protocols for over 300 companies holding emails, financial records, government licenses, housing services, insurance policies, payment services, shopping sites, social media and the like.
LOCKYT™ gains access to assets, locations and documents, sends notifications to companies to freeze and close accounts and provides fiduciary support services with custodians after death or disability when you build a Legacy Vault™. This service includes securing email and photo collections and websites, financial accounts, credit/debit/ATM cards, escheated property accounts, pension retirement accounts, real property and investments.
LOCKYT™ manages and secures social media accounts, shopping and subscription sites, community and club memberships, travel rewards programs, passport and TSA programs. Proprietary notices handle voter registration, DMV, other government agencies, housing services and utilities, insurance and annuity accounts.
LOCKYT™ services have three levels of service, based on complexity of the estate, and generally take three to six months to complete; the service concludes when your digital data, documents, assets and accounts are secured.
LOCKYT™ creates and populates a Legacy Vault with its proprietary technology if a vault was not populated during a person’s lifetime. This technology seeks data and documents from a variety of sources, both public and private.
Professional subscribers receive educational materials for their clients and have access to online support for the duration of their contract. In addition, they receive Legacy Vault packaged materials for their clients.
Competition
There are a number of firms that just provide vaults to store financial documents and personal data. We have developed a vault format that is just the starting point of our services.
We have developed software to import data for the vault from pre-existing sources.
We have researched and developed over 300 sets of protocols to notify financial service companies, credit card and credit reporting firms, government agencies, housing services, insurance companies, shopping sites, travel agents, colleges, social networks and other account holders.
We are using technology-driven products and services that identify assets, notify custodians and secure wealth.
We have uncovered a large demand from law firms and families to build a vault and supply our services AFTER the death of the individual; servicing this demand results in substantial immediate revenue. When we build vaults for living customers, we are building a pipeline for future revenue for the Company.
Fee Schedule
LOCKYT Services that locate, organize and secure assets range from $750 to $9,500 per estate and are initiated with a limited power of attorney from the fiduciary of the estate.
LOCKYT Subscriptions for professional firms include training services and accreditation under an affiliate provider program. Annual fees are $2,500 per year for up to 100 seats.
Legacy Vaults are populated and maintained for an annual fee of $75 per year.
the market
There are Over 3 Million Deaths per Year in the US
Over 3 million people pass away each year. Our market is focused on the top 5% in financial worth constituting approximately 150,000 people. Our average charge per estate is $7,000. Thus, we believe our addressable market is at least $1,050,000,000 per year. Our goal is to penetrate at least 5% of this market in the next three (3) years. Our service also leads to being able to market ancillary products and services.
Annual recurring subscription services lock users into protecting their wealth, generate sticky revenue and position the company to provide a one-time LOCKYT™ service when the subscriber passes away. On the other hand, many estate professionals desire a vault set up after a Client dies and then use our LOCKYT(™) Services, resulting in current revenue to our Company.
Why invest
Use of Proceeds
Now that our first release has been beta tested, the Company will use the proceeds of this offering to (i) implement an online and affiliate marketing program to roll out its products and services nationwide, (ii) further automate its LOCKYT™ services with document interpretation code and automated application program interfaces (APIs) to eliminate many person-to-person notifications, and (iii) provide additional inventory storage and uploading capabilities for our Legacy Vault with voice-recognition and Docu-Vision technology.
In addition, we may capitalize on our early advantage by engaging with law firms, trust companies, and legal-tech platforms, many of whom know us already, to use our services. We also will maintain a full schedule of presentations at conferences and trade shows to engage with estate planning and wealth management professionals.
Growth and Exit
With your investment, we can launch our nationwide marketing program, continue to identify, implement and introduce new and profitable products, provide ancillary functionality generating referral fees and deliver services addressing asset vulnerabilities – protecting wealth and improving privacy for all.
In addition, we may capitalize on our first-mover advantage by engaging with law firms, trust companies, and legal-tech platforms, many of whom know us already, to use our services.
ABOUT
HEADQUARTERS
4696 Hojas Verdes
Santa Fe, NM 87507
WEBSITE
View Site
We protect wealth after a person passes away. Most people do not leave their heirs and executors with organized instructions on the location of all of their assets. We catalog, locate and secure these assets using our proprietary systems and software, saving hundreds of hours of tedious work and thousands of dollars per estate. One of every eight deaths results in identity or other theft and loss. Over $60B in assets are abandoned each year because records are misplaced or stored on electronic devices. Executors and heirs do not know how to retrieve the online photos or other memories of a decedent on social media. Legacy Concierge systems solve all of these problems.
TEAM
Betsy Ehrenberg
CEO & Director
As the first female manager at IBM Canada, Betsy was a role model for other businesswomen seeking sales and engineering leadership positions at high-tech firms in North America. Betsy has been awarded and recognized in a variety of areas including Silicon Valley Business Woman of the Year, International Digital Assets Expert, Forbes, National Estate Planning Councils, and Financial Planners Associations. Betsy attended computer science classes at Carnegie Tech and attended graduate-level business school classes at Harvard University.
Betsy currently does not receive a salary for her role with the Company. However, she owns 78.2% equity in the company and plans to receive a salary when monthly recurring revenue exceeds $100K but no sooner than 90 days after this offering is fully-subscribed.
Damon Altomare
CTO
Damon currently works 8 hours per week in his role with Legacy Concierge.
Andrew A. Levy
Director & General Counsel
Andrew currently works 3 hours per week or as needed in his role with Legacy Concierge.
Curt Doty
CMO
John Hancock
Sales and Marketing Partnerships
TERMS
Legacy Concierge
Overview
PRICE PER SHARE
$1.30
DEADLINE
Jun. 16, 2022 at 6:59 AM UTC
VALUATION
$6.5M
FUNDING GOAL
$10k - $1.07M
Breakdown
MIN INVESTMENT
$249.60
MAX INVESTMENT
$106,999.10
MIN NUMBER OF SHARES OFFERED
7,692
MAX NUMBER OF SHARES OFFERED
823,076
OFFERING TYPE
Equity
ASSET TYPE
Common Stock
SHARES OFFERED
Common Stock
Maximum Number of Shares Offered subject to adjustment for bonus shares
*Maximum number of shares offered subject to adjustment for bonus shares. See Bonus info below.
Voting Rights of Securities Sold in this Offering
Voting Proxy. Each Subscriber shall appoint the Chief Executive Officer of the Company (the “CEO”), or his or her successor, as the Subscriber’s true and lawful proxy and attorney, with the power to act alone and with full power of substitution, to, consistent with this instrument and on behalf of the Subscriber, (i) vote all Securities, (ii) give and receive notices and communications, (iii) execute any instrument or document that the CEO determines is necessary or appropriate in the exercise of its authority under this instrument, and (iv) take all actions necessary or appropriate in the judgment of the CEO for the accomplishment of the foregoing. The proxy and power granted by the Subscriber pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Subscriber is an individual, will survive the death, incompetency and disability of the Subscriber and, so long as the Subscriber is an entity, will survive the merger or reorganization of the Subscriber or any other entity holding the Securities. However, the Proxy will terminate upon the closing of a firm-commitment underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933 covering the offer and sale of Common Stock or the effectiveness of a registration statement under the Securities Exchange Act of 1934 covering the Common Stock.
Investment Incentives & Bonuses*
Early Bird
Friends and Family - Invest within the first 72 hours and receive 15% bonus shares.
Super Early Bird - Invest within the next 72 hours and receive 10% bonus shares.
Early Bird Bonus - Invest within the next 7 days and receive 5% bonus shares.
Volume
Tier 1 Perk: Invest $5,000+ and receive 6 Legacy Vaults
Tier 2 Perk: Invest $10,000+ and receive 12 Legacy Vaults and 5% bonus shares.
Tier 3 Perk: Invest $50,000+ and receive 12 Legacy Vaults and 10% bonus shares.
Tier 4 Perk: Invest $100,000+ and receive 12 Legacy Vaults and 15% bonus shares.
*All perks occur when the offering is complete.
The 10% StartEngine Owners' Bonus
Legacy Concierge, Inc. will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.
This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Common Stock at $1.30 / share, you will receive 110 shares, meaning you'll own 110 shares for $130. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.
This 10% Bonus is only valid during the investors' eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are canceled or fail.
Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.
Insider Investment Notice
Officers, directors, executives, and existing owners with a controlling stake in the company (or their immediate family members) may make investments in this offering. Any such investments will be included in the raised amount reflected on the campaign page.
Irregular Use of Proceeds
Example - The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Vendor payments and salary made to one's self, a friend or relative; Any expense labeled "Administration Expenses" that is not strictly for administrative purposes; Any expense labeled "Travel and Entertainment"; Any expense that is for the purposes of inter-company debt or back payments.
ALL UPDATES
REWARDS
Owner’s Bonus
Owner’s Bonus Members earn 10% bonus shares on top of this and all eligible investments for an entire year. Not a member? Sign up at checkout ($275/year).
JOIN THE DISCUSSION
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Betsy Ehrenberg
2 years ago
People work hard to build their wealth. LOCKYT Legacy Concierge works hard to protect it.
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venkata alapati
2 years ago
I have few questions. 1) What is the cash burn rate per month at this point before the raise?. 2) what would be expected cash burn rate per month after the raise? 3) It is stated that there are no competitors and in the offering details you are specifying billion dollar companies. Why is there such a contradictory statements? 4) CEO is expected to take the salary once company reaches a recurring revenue of 100k. What is the expected CEO salary in such a case.? 5) what is the target year for 100k recurring revenue?
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HOW INVESTING WORKS
Cancel anytime before 48 hours before a rolling close or the offering end date.
WHY STARTENGINE?
REWARDS
We want you to succeed and get the most out of your money by offering rewards and memberships!
SECURE
Your info is your info. We take pride in keeping it that way!
DIVERSE INVESTMENTS
Invest in over 200 start-ups and collectibles!
FAQS
Crowdfunding
With Regulation A+, a non-accredited investor can only invest a maximum of 10% of their annual income or 10% of their net worth per year, whichever is greater. There are no restrictions for accredited investors.
With Regulation Crowdfunding, non-accredited investors with an annual income or net worth less than $124,000, are limited to invest a maximum of 5% of the greater of those two amounts. For those with an annual income and net worth greater than $124,000, he/she is limited to investing 10% of the greater of the two amounts.
At the close of an offering, all investors whose funds have “cleared” by this time will be included in the disbursement. At this time, each investor will receive an email from StartEngine with their Countersigned Subscription Agreement, which will serve as their proof of purchase moving forward.
Please keep in mind that a company can conduct a series of “closes” or withdrawals of funds throughout the duration of the campaign. If you are included in that withdrawal period, you will be emailed your countersigned subscription agreement and proof of purchase immediately following that withdrawal.
StartEngine assists companies in raising capital, and once the offering is closed, we are no longer involved with whether the company chooses to list shares on a secondary market, or what occurs thereafter. Therefore, StartEngine has no control or insight into your investment after the close of the live offering. In addition, we are not permitted to provide financial advice. You may want to contact a financial professional to discuss possible investment outcomes.
For Regulation Crowdfunding, investors are able to cancel their investment at any point throughout the campaign up until 48 hours before the closing of the offering. Note: If the company does a rolling close, they will post an update to their current investors, giving them the opportunity to cancel during this timeframe. If you do not cancel within this 5-day timeframe, your funds will be invested in the company, and you will no longer be able to cancel the investment. If your funds show as ‘Invested’ on your account dashboard, your investment can no longer be canceled.
For Regulation A+, StartEngine allows for a four-hour cancelation period. Once the four-hour window has passed, it is up to each company to set their own cancelation policy. You may find the company’s cancelation policy in the company’s offering circular.
Once your investment is canceled, there is a 10-day clearing period (from the date your investment was submitted). After your funds have cleared the bank, you will receive your refund within 10 business days.
Refunds that are made through ACH payments can take up to 10 business days to clear. Unfortunately, we are at the mercy of the bank, but we will do everything we can to get you your refund as soon as possible. However, every investment needs to go through the clearing process in order to get sent back to the account associated with the investment.
Both Title III (Regulation Crowdfunding) and Title IV (Reg A+) help entrepreneurs crowdfund capital investments from unaccredited and accredited investors. The differences between these regulations are related to the investor limitations, the differing amounts of money companies are permitted to raise, and differing disclosure and filing requirements. To learn more about Regulation Crowdfunding, click here, and for Regulation A+, click here.
Larry Weinberg
a year ago
What is the strategy going forward if the amount raised in this offering is unchanged and you decide to close the offering on June 15th. Is this worth having 15 investors at a rich valuation with insignificant revenues to date? I've invested a small amount in this offering and see value for the product if properly marketed to wealth advisors and attorneys.
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