Graduate estate planning certificate programs can typically be completed in one year and are offered at law schools. These programs prepare students for roles in estate planning, taxation and trusts. Some programs may offer separate tracks depending upon the students' potential careers, including ones for attorneys and accountants. Students may be required to complete a specific number of hours doing pre-approved pro bono work in estate planning or tax law.
Most schools offering certificate programs in estate planning state that students must have a Juris Doctor (J.D.) or equivalent degree from an accredited law school. If they did not study law, students may need to successfully complete the Certified Public Accountant (CPA) exam or possess an undergraduate degree in accounting from an accredited school and have performed professional tax work for at least one year. Applicants may also need a minimum grade point average based upon graduate law school or undergraduate accounting programs.
Certificate in Estate Planning
A certificate program in estate planning program is designed for those looking for the advanced training needed to specialize their practice in the area of estate planning. Courses offered may include:
- Estate and gift tax
- Partnership taxation
- Income taxation of trusts and estates
- Elder law
Popular Career Options
Graduates of the estate planning certificate program can qualify for numerous law-based or accounting careers. In addition to becoming attorneys who can make estate planning their specialty, graduates can seek employment in areas such as paralegal or legal secretary work, financial planning, and insurance sales.
Employment Outlook and Salary Information
Average employment growth of eight percent was predicted for paralegals and legal assistants and an average growth of nine percent was expected for insurance sales agents from 2014 to 2024, according to the U.S. Bureau of Labor Statistics (BLS). May 2015 data from the BLS showed that paralegals and legal assistants earned an average salary of $52,390. The average annual income of insurance sales agents was $64,790 in the same year. Lawyers in general are expected to see a six percent increase in employment between 2014 and 2024; these professionals earned an average salary of $136,260 as of May 2015.
Continuing Education and Certificate Information
The National Institute of Certified Estate Planners (NICEP) offers a Certified Estate Planner (CEP) distinction that applicants can earn by completing educational courses and passing an exam (www.nicep.org). CEPs must pay an annual fee, complete continuing education courses every two years and adhere to the NICEP's code of ethics to maintain certification. After obtaining the CEP designation, applicants can strive for a Master Certified Estate Planner (MCEP) certification by completing a NICEP-sponsored course.
Estate planning certification programs are typically offered by law schools to graduate students wishing to further specialize in this subject. Certain course tracks may be tailored to aspiring lawyers or accountants. Graduates can also attain the title of Certified Estate Planner from The National Institute of Certified Estate Planners to lend themselves further credentials.