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Types of certifications required for estate planning

On Behalf of | Dec 20, 2021 | Estate Planning |

Estate planners include lawyers, accountants, and financial advisors who specialize in estate planning. They provide services that help individuals, property owners, and businesspeople in Oregon to transfer assets to their beneficiaries. They are required to possess certain certifications to show their expertise in relevant fields.


Planning an estate requires having advanced knowledge of taxation. During the process of transferring your assets, the law requires that you pay both state and federal estate and inheritance taxes.


Estate planning requires you to have some financial experience. You are mainly dealing with a person’s finances, which consist of incomes, savings accounts, commissions, investments, and gifts. A financial advisor can explain the benefits of using a trust fund, what happens to retirement accounts when an estate is transferred, and other important financial topics.


Having accounting skills allows you to keep accurate, legal records of a person’s assets. Estate planners include tax accountants to keep track of taxes that need to be paid on an estate. Investment accountants can help to manage a client’s investments during the planning process.


Estate planning laws determine how people plan and distribute their estates and what their inheritors must do to receive their assets. A lawyer is often the first professional that an estate owner calls to create a will, trust, or power of attorney. Many estate planners are lawyers who specialize in the field and are familiar with local, state, and federal estate laws.

The requirements of this profession

Not any professional can become an estate planner. General business owners, bankers, and accounting teachers do not make ideal estate planning professionals. There are certain specialties that allow a person to be properly qualified for the task.