COLLATERALIZED LOANS WITH PERIODIC DRAWS SUBJECT TO A TRIGGERING EVENT

摘要

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.

主权项

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.