A Comprehensive Guide to Becoming an Attorney Specialized in Estate Planning

Following the receipt of a law degree, there are numerous chances to concentrate on a certain field of study. It’s likely that you are aware of estate planning and have considered pursuing a career in estate planning law. How does one become one, and what does it mean? This comprehensive guide will familiarize you with more tools and resources for estate planning research.

What Role Do Estate Lawyers Play?

Estate lawyers, or attorneys with a focus on estate planning, assist clients in making arrangements for the management of their assets in the event of an incapacity or death. To be successful in this position, you need to have a high level of specialized competence. An expert estate lawyer must not only be aware of the rules governing estate planning in their own jurisdiction, but also take into account each client’s particular assets and circumstances in order to create a customized plan.

The work is demanding and requires a variety of responsibilities to be fulfilled on a daily basis. Estate planning lawyers can assist with the following tasks:

  • Filing taxes, allocating assets to family, donating to a charitable organization, and choosing a permanent life insurance policy
  • Developing a Strategy for Wealth Management
  • Assembling and acquiring the necessary paperwork as part of an extensive asset management plan for the client that will help beneficiaries avoid the probate court process after the client’s death process for property appraisals, monitoring and supervision of each asset, developing a debt repayment plan, and granting children guardianship and a power of attorney for life
  • providing the court with the necessary paperwork

Does Attorney Estate Planning Require Certification?

The official response is not positive. A lawyer who specializes in estate planning does not need to meet any requirements. You will be more equipped to provide estate planning services if you have a legal degree. Getting certified raises your profile with potential clients and provides you with access to important additional data.

A trained estate planning lawyer might pursue a number of various career paths. Every decision has advantages. Nevertheless, you must determine which one best suits your requirements and objectives. The following are the certification options:

A Chartered Trust and Estate Planner is a person who has obtained the necessary certification to provide services to affluent clientele (CTEP). The organization in charge of establishing certification requirements and qualifications is the Global Academy of Finance & Management. This requires completing a bachelor’s or master’s degree program in accounting, law, finance, financial planning, or tax services at a recognized university.

A minimum of three years of professional experience and a specific level of estate planning expertise are requirements for certification as a Certified Trusted Estate Planner (CTEP). When working with rich clients, CTEPs typically assist with asset division, asset organization, investment account administration, and trust-building.

The National Association of Estate Planners & Councils recognizes those who have earned the Accredited Estate Planner (AEP) certification. To obtain the certification, one must have at least five years of estate planning expertise in addition to a degree in accounting or law. AEP certification has a predetermined requirement for continuous study hours, just like CTEP certification does. Licensed Estate Planners possess extensive expertise in this field and provide middle-class and rich clients with comprehensive estate planning services.

A certification known as Certified Trust and Fiduciary Advisor (CTFA) is given to American Bankers Association members. Three years of work experience, passing a related test, and completion of a special education course are prerequisites.

A lawyer might also find further estate planning certifications helpful. Accreditation in finance, taxation, and asset management are among the requirements.

How to Become a Lawyer With an Estate Planning Concentration

There are various paths to becoming an estate planning attorney, as was previously mentioned. Even if your degree program has already started, there are still options to fulfill the requirements for gaining experience and certificates to specialize in estate planning. Most individuals have a consistent schedule.

Obtain a degree

Focus first and foremost on completing your college degree. It may be in accounting, law, finance, or a related field.

Acquire Information From Experts

Seek for an internship or entry-level position with an estate planning attorney after graduating.

Submit an Application to Law School

To take the LSAT, one must be enrolled in law school. It takes years to finish this.

Cross Barriers

To practice law, one must pass the bar test. After graduation, you can work in the estate planning field, though it is recommended that you continue your studies.

Seek to Obtain Unusual Certifications

Acquiring a specialized estate planning certification, such as CTEP, AEP, or CTFA, can facilitate your professional growth in this domain. Attorneys can use a range of online resources to increase their level of experience. Users can use platforms such as CEB to improve their skills or get ready for certification exams. Additional resources that may be useful to those who wish to practice estate planning law include the following:

The practice of estate law requires a high degree of expertise and competence. If one has knowledge or expertise in business, accounting, or tax law, it is typically advantageous to substantiate this claim. It is not always necessary to hold a second degree. In order to prove that you are knowledgeable enough to assist your clients, you can enroll in particular courses or earn relevant certifications.

Estate attorneys usually represent investors, the rich, or those with large holdings. Consequently, many estate law firms also offer additional services, such as bookkeeping, wealth management, financial counseling, or expertise with trusts and investments. Other subjects you could choose to study in order to practice estate law.

To Get Student Legal Aid, Use CEB

If you wish to practice estate planning law, you need to further your education. CEB is an essential resource for expanding knowledge, preparing for certification, and meeting requirements for ongoing education. Since 1947, we have been attending to the continuous education requirements of Californian attorneys. The CEB aims to assist California attorneys in enhancing their customer service and growing their areas of expertise by offering a variety of tools, including databases, legal magazines, and online courses. Visit our website to learn more about the resources that CEB has to offer.