What is an Estate Planning Attorney Job?
An estate planning attorney is a legal professional who specializes in the intricacies of estate planning. Estate planning is the process of creating a plan for the distribution of a person's assets after they die. Estate planning attorneys help their clients create wills, trusts, and other legal documents to ensure their assets are distributed according to their wishes.
What Usually Do in This Position?
Estate planning attorneys are responsible for advising clients on the best ways to protect and distribute their assets. They work with clients to create wills, trusts, and other legal documents that outline their wishes for how their assets will be distributed after their death. Estate planning attorneys also help clients minimize tax liabilities and reduce the risk of disputes among beneficiaries.
Top 5 Skills for Position
- Strong analytical and critical thinking skills
- Excellent communication and interpersonal skills
- Attention to detail
- Ability to work independently and manage time effectively
- Strong knowledge of estate planning laws and regulations
How to Become This Type of Specialist
To become an estate planning attorney, you must first earn a bachelor's degree in a related field such as pre-law, political science, or business. After earning your bachelor's degree, you must attend law school and earn a Juris Doctor (JD) degree. Once you have obtained your JD, you must pass the bar exam in your state to become licensed to practice law.
Average Salary
According to the Bureau of Labor Statistics, the median annual salary for lawyers, including estate planning attorneys, was $122,960 as of May 2020. However, salaries can vary greatly depending on location, experience, and other factors.
Roles and Types
Estate planning attorneys can work in a variety of settings, including law firms, government agencies, and non-profit organizations. Some estate planning attorneys work as solo practitioners and run their own law firms. There are also estate planning attorneys who focus on specific areas of estate planning, such as tax planning or charitable giving.
Locations with the Most Popular Jobs in USA
While estate planning attorneys can practice law in any state, some states have more job opportunities than others. According to the Bureau of Labor Statistics, the states with the highest levels of employment for lawyers, including estate planning attorneys, are California, New York, Texas, Florida, and Illinois.
What are the Typical Tools
Estate planning attorneys use a variety of tools to help their clients create comprehensive estate plans. Some of the most common tools include wills, trusts, powers of attorney, and healthcare directives. Estate planning attorneys may also use specialized software to create and manage estate plans.
In Conclusion
Estate planning attorneys play a critical role in helping individuals and families plan for the future. They bring together legal and financial expertise to create comprehensive estate plans that protect their clients' assets and ensure their wishes are carried out after their death. Becoming an estate planning attorney requires a combination of education, experience, and strong analytical and communication skills. If you are interested in pursuing a career in estate planning, consider earning a law degree and gaining experience in the field.