SYSTEM AND METHOD FOR MAINTENANCE AND PERPETUATION OF A DEDICATED DATA BODY

• US 20120303390A1
• Filed: 05/27/2011
• Published: 11/29/2012
• Est. Priority Date: 05/27/2011
• Status: Abandoned Application

• Current Assignee: Memeden Incorporated
• Original Assignee: Memeden Incorporated
• Inventors: Brook, Alan, Sussman, Roy P.
• Application Number:
  US13/117,737
• Publication Number:
  US 20120303390A1
• Time in Patent Office: Days
• US Class Current: 705/4
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 90/00 Systems or methods specially adapted for administrative, commercial, financial, managerial or supervisory purposes, not involving significant data processing

Abstract

One example embodiment relates to a method comprising creating a legal entity, creating a fund, and establishing an insurance policy. The legal entity is associated with an original owner, a dedicated data body and data services for the dedicated data body. The fund is associated with the legal entity and which is managed by a fund manager. The insurance policy is associated with the legal entity and is issued by an insurance provider. Another example embodiment relates to a method comprising creating a legal entity that is associated with an original owner, a dedicated data body and data services for the dedicated data body. The method further comprises establishing an insurance policy, associated with the legal entity, which is issued by an insurance provider. Other embodiments also exist.

Claims

1. A method comprising

creating a legal entity that is associated with an original owner, a dedicated data body and data services for the dedicated data body;

creating a fund, associated with the legal entity, which is managed by a fund manager;

establishing an insurance policy, associated with the legal entity, which is issued by an insurance provider.

2. A method as defined in claim 1, wherein the legal entity is configured to persist beyond the duration of the original owner'"'"'s lifetime for one of (1) a period designated by the original owner, (2) a period in excess of 90 years, and (3) a maximum period stipulated by law in a jurisdiction limiting continuance of the legal entity.

3. A method as defined in claim 1, wherein the legal entity at least one of (1) owns assets including the fund and the dedicated data body, and (2) is designated as a beneficiary for an insurance policy.

4. A method as defined in claim 3, wherein the legal entity is at least one of a trust, a charitable trust, an account, a corporation, and a business organization.

5. A method as defined in claim 1, wherein the original owner is at least one of a person, a group of people, a family, a religious organization, a sports team, a business, a music group, an animal, and a social entity.

6. A method as defined in claim 1, wherein the original owner is a deceased person or a social entity relating to deceased people and the legal entity is created on behalf of a living person or an organization.

7. A method as defined in claim 1, wherein the legal entity creating step, the fund creating step, and the insurance policy establishing step are performed by a guardian, wherein the legal entity is managed by the guardian, and wherein the guardian functions as agent for the original owner and the legal entity, with information technology expertise and group purchasing power, negotiating with and engaging data service providers and insurance providers to service and protect the dedicated data body and related services.

8. A method as defined in claim 7, wherein the guardian is a first guardian, and wherein the first guardian transfers the legal entity to a second guardian responsive to instructions from the original owner or another controlling trustee of the legal entity.

9. A method as defined in claim 7, further comprising receiving inputs from the owner specifying actions of the legal entity and the guardian, the inputs being received using an automated computerized interface, the automated computerized interface comprising a configuration form that includes questions to elicit information regarding general philosophies of the person regarding maintenance and dissemination of the dedicated data body in future circumstances.

10. A method as defined in claim 9, wherein the receiving includes receiving future required actions, ownerships and inheritance behaviors of the legal entity, guardian and dedicated data body, pertaining to life and death events including the legally recognized loss of mental ability of the original owner, the death of the original owner, and other events not directly controllable by the original owner.

11. A method as defined in claim 1, wherein the dedicated data body comprises data relating to the original owner, the data including electronic records, videos, voice recordings, emails exchanged, documents authored, transcripts of social networking interactions, and location and other sensory data collected by mobile devices.

12. A method as defined in claim 1,

wherein the data services are performed by one or more data service providers including storage, maintenance, and provision of access and use of the dedicated data body,

wherein at least one of the data service providers ensures long term validity of a specified set of data format types, including acknowledging receipt of data in one of the data format types, and thereafter undertaking to convert the data to new formats as the new formats replace, in widespread use, previous formats for the data format type.

13. A method as defined in claim 1, wherein the fund is created using funds from at least one of a down payment, a life insurance payout, a disability insurance payout, a part of a pension payout, a part of an annuity payout, and a monetary instrument provisioned for the purpose of the creation of the fund.

14. A method as defined in claim 1, wherein the fund is created over time using at least in part funds from installment payments from at least one of a dedicated installment payments for the creation of the fund, a part of pension installment payments, a part of annuity installment payments, a part of life insurance periodic payments, and a part of other insurance periodic payments.

15. A method as defined in claim 1, wherein the fund is perpetual in nature by being configured to generate sufficient investment proceeds to (i) finance repeatedly costs relating to administration, storage, maintenance, insurance and other services relating to the legal entity and the dedicated data body and to (ii) maintain real value of the fund over long periods through reinvestment.

16. A method as defined in claim 15, further comprising using external income derived from monetization of the dedicated data body to grow the fund, the monetization comprising third party payment for access and interaction with the dedicated data body and related services.

17. A method as defined in claim 16, wherein the legal entity creating step, the fund creating step, and the insurance policy establishing step are performed by a guardian, and wherein the income from the fund above that required for reinvestment to maintain real value, is distributed by the guardian to the insurance provider for insurance premiums, data service providers for the data services and to the guardian for administrative fees.

18. A method as defined in claim 17, wherein the funds distributed to the insurance provider are at least partially for compensating the insurance provider for providing insurance that insures against partial or total loss of the data.

19. A method as defined in claim 17, wherein the funds distributed to the insurance provider are at least partially for compensating the insurance provider for providing insurance that insures against partial or total loss of accessibility to the data.

20. A method as defined in claim 17, wherein the funds distributed to the insurance provider are at least partially for compensating the insurance provider for providing insurance that insures against partial or total failure of the data service provider to convert older data formats to newer data formats.

21. A method as defined in claim 17, wherein the funds distributed to the insurance provider are at least partially for compensating the insurance provider for providing insurance that insures against inability of the original owner to complete creation of the perpetual fund.

22. A method as defined in claim 1, wherein the beneficiary of the insurance policies associated with the legal entity and the dedicated data body is the legal entity, and the proceeds of an insurance payout are used to perform at least one of the following:

(1) repair the dedicated data body, (2) enhance the data services, (3) augment the legal entity, (4) and increase the associated fund, as determined by one of the original owner and the guardian.

23. A method as defined in claim 1, wherein the fund associated with one legal entity and dedicated body finances additional dedicated data bodies and their associated data services.

24. A method comprising

creating a legal entity that is associated with an original owner, a dedicated data body and data services for the dedicated data body;

establishing an insurance policy, associated with the legal entity, which is issued by an insurance provider.

25. A method as defined in claim 24, wherein the legal entity creating step and the insurance policy establishing step are performed by a guardian, wherein the legal entity is managed by the guardian, and wherein the guardian functions as agent for the original owner and the legal entity, with information technology expertise and group purchasing power, negotiating with and engaging data service providers and insurance providers to service and protect the dedicated data body and related services.

26. A method as defined in claim 25, wherein the funds distributed to the insurance provider are at least partially for compensating the insurance provider for providing insurance that insures against death or financial disability of the original owner, and the payout of which is used to create a perpetual fund to finance the continued maintenance of the dedicated data body and associated services.

27. In a system comprising a dedicated data body stored in computer-readable media, data services providers that service the dedicated data body, an insurance provider that provides insurance with respect to the dedicated data body and maintenance thereof, a fund manager that manages a perpetual fund that finances the services of the data services providers and the insurance provider, and a guardian that engages and oversees the data service providers, the insurance provider, and the fund manager, a method, performed by the guardian, comprising:

managing a legal entity that owns the perpetual fund, including using the earnings of the perpetual fund to make repeated payments to the data services providers and the insurance provider, the payments to the data services providers being at least partially for compensating the data services providers for storing, maintaining and expanding the dedicated data body and for ensuring that the data body remains continuously accessible by computing devices over time, the payments to the insurance provider being at least partially for compensating the insurance provider for providing insurance that insures against partial or total loss of the data and against partial or total loss of accessibility to the data, the perpetual fund being configured to generate sufficient investment proceeds to (i) make the repeated payments to the insurance provider and the data services provider the data management services and other services and to (ii) maintain the real value of the perpetual fund over long periods through reinvestment;

wherein the dedicated data body comprises data that is dedicated to a specific person;

wherein the dedicated data body, the legal entity and the perpetual fund are owned by the person during the lifetime of the person;

wherein the dedicated data body, associated legal entity and associated fund are controlled by the guardian after the death of the person; and

wherein the dedicated data body is stored in machine-readable storage media and being accessible by computing devices via global networks to generate output for presentation to a user.

28. A method as defined in claim 27, wherein the perpetual fund is created by linking the creation thereof to the creation of pension or annuity funds during a owner'"'"'s working years, wherein portion of the periodic payments to the pension or annuity funds is allocated to the creation of the perpetual fund.

29. In a system comprising a dedicated data body stored in computer-readable media, data services providers that service the dedicated data body, and a virtual life manager that engages and oversees the services providers;

a method, performed by the virtual life manager, comprising;

receiving payments from the data owner; and

deducting, from the payments, fees for services of the virtual life manager; and

making repeated payments to the data services providers, the payments to the data services providers being at least partially for compensating the data services providers for storing and maintaining the dedicated data body, for ensuring that the data body remains continuously accessible by computing devices over time and for providing services and applications for the growth and use of the data body;

wherein the dedicated data body comprises data that is dedicated to a specific social or commercial entity, the dedicated data body being stored in machine-readable storage media and being accessible by computing devices via global networks.