What types of tasks will I be responsible for as an estate planning specialist?
As an estate planning specialist, you will be responsible for developing and implementing customized estate plans for clients. This may include researching and analyzing client finances, developing estate planning strategies, drafting estate planning documents, preparing financial statements, and advising clients on tax and other legal matters. You will also be responsible for monitoring changes in the law and advising clients of their options and implications. Additionally, you may be responsible for helping to administer and manage trust assets, developing and coordinating investment strategies, and providing estate planning education and outreach.
Other Questions about Estate Planning Specialist
- What qualifications do I need to become an estate planning specialist?
In order to become an estate planning specialist, you must have a Juris Doctorate (JD) degree from an accredited law school as well as a Certified Financial Planner (CFP) certification. Additionally, it is helpful to have experience in tax law, trust law, and estate planning. You may also need to pass a bar exam to practice law in your state.
- How long will it take to become an estate planning specialist?
The amount of time it takes to become an estate planning specialist will depend on the type of education, training, and experience you have. Generally, it can take anywhere from two to four years to complete the necessary education and training. You may also need to take additional courses and/or gain experience to become a certified specialist.
- Is estate planning specialist a full-time or part-time job?
It depends on the individual's situation. An estate planning specialist may be a full-time or part-time job depending on the individual's needs and the size of the firm they are working for. Some estate planning specialists may work as independent contractors, while others may work for larger firms that require full-time hours.
- What is the job outlook for estate planning specialist careers?
The job outlook for estate planning specialists is positive. According to the U.S. Bureau of Labor Statistics, employment of lawyers, including estate planning specialists, is projected to grow 8% from 2019 to 2029, faster than the average for all occupations. Demand for legal services will come from individuals, businesses, and governments as they look for guidance and advice in an increasingly complex legal environment.
- What salary can I expect as an estate planning specialist?
Salaries for estate planning specialists vary depending on experience, location, and size of the firm. According to JobzMall, the median salary for an estate planning specialist is $62,871 per year. Salaries typically range from $39,655 to $111,732 per year.