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Career Focus: Estate Planning
January 3, 2007
by AJ Fanter
Business Programs Columnist
According to the National Association of Estate Planners and Councils, estate planning involves more than just writing a will. In fact, those with careers in estate planning assist clients in the "accumulation, conservation, preservation and transfer of an estate through planning and implementation of an estate plan" with the goal of helping clients maintain financial security for themselves and their families.
Taking courses in estate planning or focusing your career in estate planning will give you the skills needed to assist clients to ensure an orderly transfer of assets. You'll also learn how to ensure that the appropriate care is available for any minor children or dependents in the event your client passes away unexpectedly. Estate planners also facilitate the legal paperwork required for clients to be prepared in the event they are unable to speak for themselves due to an accident, medical condition, or illness.
What's Involved In Estate Planning?
Professionals who have focused their careers in estate planning are usually involved in:
- designing and developing estate plans and drafting planning for other legal documents
- administering estates and trusts
- reviewing client's life insurance coverage to make sure it is appropriate
- developing strategies to reduce potential estate and gift taxes
Who Can Benefit From Estate Planning Courses?
Because estate planning involves so many specialty areas, there are many financial, legal, and accounting professionals who can benefit from an estate planning class or by earning an estate planning designation to add to their current credentials. For example, those who might gain from estate planning training include CPAs, Chartered Life Underwriters, financial consultants, and certified financial planners.
Source
About the Author
A.J. Fanter is a freelance writer based in Reno, NV.
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