Estate Planning Software
Clio is web-based legal practice management software for solo practitioners and small firms. It is designed to replace multiple different systems (like document management, case management, and accounting software) to streamline the amount of technology that small firms need to manage.…
MyCase provides web-based practice management software designed for solo and small firm legal professionals. MyCase aims to offer a secure, all-in-one legal practice management solution to alleviate the burden of high caseloads, poor client communication, and practice management…
WealthCounsel has been helping estate planning attorneys and business lawyers by providing online document drafting software. Compatible with both Mac and PC, WealthCounsel’s customizable software allows users to access real-time files and collaborate.
The Yourefolio platform provides an experience for estate planners, equipped with tools and features that assist with the preparation, organization and execution of an estate to a complete level. Yourefolio also helps foster the creation of beneficiary relationships and assists in…
The American Academy of Estate Planning Attorneys (AAEPA) offers the CounselPro8 practice management system, a comprehensive approach to operating a firm.
Advicent headquartered in Milwaukee offers NaviPlan, a financial planning software for firms.
Estateably is an estate planning software solution designed to increase the user's operational efficiencies by automating repetitive tasks, increasing collaboration between internal and external parties, embedding workflows and tracking activities on a tamper-proof audit log.
Trustate equips executors and the professionals that serve them with tools to navigate the complex and stressful process of settling the estate of a loved one, regardless of circumstance. Trustate offers automated estate operations ina platform.
Smokeball in Chicago offers their flagship cloud-based legal case management application featuring time tracking, file and document management, billing, and legal form generation.
What is Estate Planning Software?
Estate Planning Software is used by law firms, attorneys, wealth managers, executors, and individuals in preparing plans and legal documents that address how an individual’s assets will be managed and distributed upon their death or incapacitation. It includes the creation of wills, trusts, and other legal documents such as power-of-attorney, health care proxies, and living wills that identify who can manage your finances and health care while you are still living, and the type of life-supporting health care you desire if incapacitated. It can be considered a subset of Law Practice Management Software.
The software facilitates the process of making bequests to heirs, naming executors and beneficiaries, settling estate taxes, making a will, setting up trusts, and planning charitable donations. The software helps support the goals of protecting and preserving assets, limiting taxes, ensuring the desired custodial arrangements for minor children, and setting up funeral arrangements.
Estate Planning charting software is available for legal professionals to better understand and communicate estate planning and related issues to other attorneys, clients, and juries.
Estate Planning Software Features
Estate Planning Software includes many of the following features.
- Estate organizers and legacy planning
- Asset inventory, insurance, and mortgage information
- Family liabilities
- Estate tax planning
- Stress test estate plans
- Attorney checklists
- Client estate portal
- Legal forms: Last Will and Testament, Living Trusts (revocable and irrevocable), Power-of-Attorney (durable and limited), Health Care Directive, including Health Care Proxy and Living Will
- Beneficiary engagement tools
- Charting software
- Client reporting
- Final arrangements and letters to survivors
- Adherence to state and national laws
- Legal resources
- Roles, permissions, security, and two-factor authentication
- White label
- Self-guided questionnaires for individual / non-professional users
- Integration with broader Law Practice Management Suites
- Integrations with office productivity suites, e-signature software, e-payment processors, and cloud-based storage and backup services
- Web-based and mobile app support
- Cloud and on-premises options
Estate Planning Software Comparison
Consider the following when purchasing Estate Planning Software solutions.
Scope: Estate planning software is often available as part of broader law practice management suites that support other specialties such as litigation, business, personal injury, criminal, immigration, and family law. These suites include additional features such as case management, time tracking, legal billing, and CRM.
Location: States have different laws and processes regarding the handling of estates, ensure that your selection supports the rules for the jurisdiction under which the estate administration and executors will be operating.
Depth: Some packages act as little more than templates and document management systems. These tend to be easier to learn and more flexible, but have less features. Other software may be more in-depth and streamlined, but harder to learn and less flexible. Consider how you want to adapt your current processes to the use of new software before purchasing.
Pricing is driven by the features offered and the number of users ranging from $50 to $150 per month per user. Individual users can make one-time software purchases ranging between $100 to $250. Enterprise scale implementations require obtaining a price quote. Free online forms and free trials are available.