Job Outlook for an Estate Planning Specialist
As the demand for estate planning services increases, the job outlook for Estate Planning Specialists is brighter than ever. With the rise of aging baby boomers and the increasing complexity of estate planning laws, estate planning professionals are in high demand.
Estate planning professionals need to stay up-to-date with the latest trends in the field in order to provide the best possible advice and services to their clients.
This includes understanding the potential tax implications of various estate planning strategies, staying current on estate planning laws, and being aware of new technology that can help clients manage their estate planning needs more effectively.
The job outlook for Estate Planning Specialists is very positive, with the Bureau of Labor Statistics (BLS) projecting a 10 percent growth in the occupation between 2018 and 2028. This is faster than the average for all occupations during the same time period. The BLS also projects that the median annual wage for Estate Planning Specialists in 2018 was $63,790.
In addition to the increasing demand for estate planning services, the growing trend of generational wealth planning is also a potential boon for Estate Planning Specialists.
As more families pass down wealth from generation to generation, estate planning professionals need to be able to provide advice and services that help families manage their assets and plan for the future.
Overall, the job outlook for Estate Planning Specialists is very positive, with the demand for their services expected to continue to grow in the coming years.