Collateralized loans with periodic draws subject to a triggering event

Abstract

This document describes techniques for implementing a collateralized loan with periodic draws subject to a triggering event. These techniques include receiving funds from a client and establishing a credit line collateralized by the funds. The techniques may further include periodically dispensing an amount from the credit line upon occurrence of a predetermined event (e.g., the client's attainment of a certain age) and until death of the client. At the death of the client, any remaining funds may then be released to, for example, the client's estate.

1 . A system comprising:
 a means for receiving financial assets from a client directed to a loan fund;   a means for establishing a credit line collateralized by the loan fund;   a means for dispensing an amount from the credit line commencing when the client reaches a predetermined age and until death of the client; and,   a means for releasing any remaining financial assets of the loan fund upon the death of the client.   
     
     
         2 . The system of  claim 1 , wherein the means for receiving is configured to receive the financial assets as a single lump sum. 
     
     
         3 . The system of  claim 1 , wherein the means for receiving is configured to receive financial assets periodically from the client. 
     
     
         4 . The system of  claim 1 , wherein the amount is a fixed amount. 
     
     
         5 . The system of  claim 4 , wherein the fixed amount is determined at least in part as a percent of a value of the financial assets when the client achieves the predetermined age. 
     
     
         6 . The system of  claim 5 , wherein the percent is established based at least in part on an age of the client at a time of receiving of the financial assets. 
     
     
         7 . The system of  claim 5 , wherein the percent is established at or before receiving the financial assets. 
     
     
         8 . The system of  claim 1 , further comprising a means for charging management and loan commitment fees against the loan fund. 
     
     
         9 . The system of  claim 8 , wherein the charging is one or more of a one time event and a periodic event. 
     
     
         10 . The system of  claim 8 , wherein the means for dispensing is further configured to dispense the financial assets minus the management and loan commitment fees to the client upon a client request prior to the client reaching the predetermined age. 
     
     
         11 . The system of  claim 1 , wherein the means for dispensing is configured to dispense the financial assets on a periodic basis. 
     
     
         12 . The system of  claim 1 , wherein the means for dispensing is further configured to determine a balance of the credit line as a total of the dispensed amount and interest charged against the dispensed amount on a periodic basis. 
     
     
         13 . The system of  claim 1 , wherein the means for releasing is configured to release the remaining financial assets calculated as the dispensed amount and accrued interest subtracted from the loan fund. 
     
     
         14 . One or more non-transitory computer-readable storage media comprising computer-executable instructions that, when executed on one or more processors perform acts comprising:
 receiving funds from a client;   establishing a credit line collateralized by the funds;   periodically dispensing an amount from the credit line upon occurrence of a predetermined event and until death of the client; and,   releasing any remaining funds upon the death of the client.   
     
     
         15 . The one or more non-transitory computer-readable storage media of  claim 14 , wherein the receiving comprises receiving the funds as a single lump sum. 
     
     
         16 . The one or more non-transitory computer-readable storage media of  claim 14 , wherein the establishing comprises establishing the credit line based upon a value of the funds after management fees and loan commitment fees are subtracted from the funds. 
     
     
         17 . The one or more non-transitory computer-readable storage media of  claim 14 , wherein the periodically dispensing comprises determining the amount based upon at least a first factor established at the time of the receiving and at least a second factor established at the time of the dispensing. 
     
     
         18 . The one or more non-transitory computer-readable storage media of  claim 17 , wherein the at least a first factor established at the time of the receiving is an age of the client at the time of the receiving and the at least a second factor established at the time of dispensing is the value of the funds at the time of dispensing. 
     
     
         19 . The one or more non-transitory computer-readable storage media of  claim 14 , wherein the releasing comprises releasing a value of the funds at the time of death minus any dispensed amounts and associated capitalized interest. 
     
     
         20 . The one or more non-transitory computer-readable storage media of  claim 14 , wherein the releasing comprises collecting any dispensed amounts and associated capitalized interest and releasing the funds. 
     
     
         21 . The one or more non-transitory computer-readable storage media of  claim 14 , wherein the releasing comprises releasing the funds to the client's estate. 
     
     
         22 - 25 . (canceled)