FamilyPe

Your wealth dies in 18 years. Rich families get 35+ with family offices. FamilyPe gives you the same power- extinction calculator, digital wills, dream planner. Build a lasting legacy.

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Inspiration

It began with a 2 AM phone call I wasn't ready for COVID didn't just steal lives-it exposed our collective delusion about death. While families scrambled through scattered documents and locked phones, I realized we're all sleepwalking toward catastrophe, convinced immortality is our birthright. The solution seemed obvious: organize everything - financial records, medical files, passwords, in one secure, family-accessible place. Simple, right? Wrong. Our mortality blindness runs deeper than logic. "Everything I have goes to my family anyway," they'd shrug, missing the point entirely. It's not about what you leave- it's about whether they can actually find it when you're gone. Then I discovered guilt's hidden superpower. Mention aging parents living three cities away, no emergency plan, siblings who can't coordinate a dinner reservation- suddenly, adults become responsible. Amazing how self-preservation through parental guilt cuts through procrastination like a knife. But here's the uncomfortable truth: we need that rude awakening, that jarring moment that shatters our "it won't happen to me" fantasy. Because legacy isn't built in crisis- it's built in the quiet moments when we're brave enough to admit we're mortal. Every drop does make an ocean. The question isn't whether you have enough- it's whether your family will drown trying to find it.

What it does

We start with a curated estimation of when our wealth extinguishes, given our current status. This uses a sophisticated monte carlo simulator to get an estimate of the best, worst and average case scenario. Next we move onto nudging users to create a digital will, to extend that timeline by at least a couple of years. The next step is all about collating all our asset documents, whether financial assets, physical assets or digital assets, as well as medical insurance and otehr important documents, into one secure vault on the users device. We also help set up an emergency protocol, such that the users' verified family members can access these in case a situation we to arise, protecting them during a stressful period. In all this, one mustn't forget about the our ageing parents. But often staying in different palces, there is very little one can do, or so is the thought. We have figured a way to help sibling coordinate care for their parents from afar, without hassle or arguments. We simpyl detect all bills and paymetns that are due for their parents, set reminders for siblings to pay for, and ensure parents continue a life of quiet dignity. Finally, every family has goals and aspirations. Whether its the first family foreign trip, or a home decor do-over, most such goals don't see the light of the day, becuase we as a family don't come together to make it happen. Not any more with our dream planner. This helps you to build a concrete financial plan around your dreams, splits it into milestones you and your family can celebrate while making progress together as a family. With many more features to be built in the future iterations.

How we built it

We used Bolt for most of the app. The backend logic for advanced statistical models, we first built a model on excel. That excel we used with Claude to help us convert it to psuedo-code. that was then given to bolt to integrate into our workflows. SOme of our user flows had figma so it was about using those screens to mimic the walkthrough. At most times it was just a rough wireframe with style guides. For database we used supabase, integrated in bolt's platform.

Challenges we ran into

Often debugging a new error int he flow would result in an older functionality being either removed, or rendered incorrectly. Understanding how to modularize the code was challenging, but I am getting better at it now. I have also realised that, while Bolt is fabulous at building Cursor is slightly better at debugging code. Of course the sentry addon was really helpful. The other thing was with large context windows requiring me to constantly duplicate the project. I wish there was a way to clear chat without duplicating the project, especially now since i know I will be working on improvements even after the hackathon.

Accomplishments that we're proud of

For complete non techies, being able to build out a fully functional app, with a nicely animated landing page, and sophisticated statistical modelling in the background, I feel really great about it. I have run a couple of LinkedIN posts, to a very niche audience, and gotten pretty good reception from the audience on wanting to try the app. I plan to grandfather all of these early beta users into the future premium plan at a discount, but I guess the real test will come when its time for users to upgrade to premium.

What we learned

Just having an idea is not enough. Its about breaking it down into atomic bits, thinking deeply about users' emotional journey in order to serve them well, that matters. Thinking of having a microservice architecture for day 1 would have also helped me to add features and functionality with much more ease. Phase 2, will be all about speed, agility and delivering a superior user experience, for which my app is only 50% of the way there. But I am sure I can still make it happen.

What's next for FamilyPe

I have some enhancements planned for the basic app:

  1. Multisingature hashing of digital will, with Witnesses and Executors, building a marketplace of legal experts to probate the digital will, to make this process a lot more legally bulletproof
  2. Enhancing the Dream planner capabilities, by backing it with an investment recommendation engine, to help families park their money in an asset that will serve well when the time comes to make their dreams a reality
  3. Integrate with India's BBPS system to automatically detect and pay for all kinds of recurrent utility bills for parents, split the payment between 2 or more sources
  4. A family budgeting and expense tracker system, that is elder friendly (voice enabled)
  5. Adding security upgrades to the digital vault, to include a 2 key pair process of encrypting all the files uploaded to it, such that only the primary user, and their emergency contact can decrypt the files and use it (Mostly using ECDH encryption protocol)
  6. Tax optimizer planner to help people figure the best means of deploying their hard earned wealth in order to minimixe their tax outflows

Built With

  • bbps
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