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What certifications are needed for estate planning?

On Behalf of | Feb 24, 2022 | Estate Planning & Wills

Planning an estate in Virginia can be a complex and tricky affair depending on the estate involved. This is the kind of task for which a number of industry certifications are helpful. You may want to work with a professional who possesses them so that your plan can be implemented.

Chartered trust and estate planner

Estate planning is likely to go more smoothly when you work with a professional who possesses the necessary qualifications for the job. These can include a certification for CTEP. To earn it, a person will need to have at least three years of experience in estate planning and trusts as well as an MBA, PhD, MS or JD.

They will also need to complete a very rigorous course of training in order to receive this certification. Once completed, they will receive a CTEP from the Global Academy of Finance and Management and also be required to pass annual reeducation courses to stay current.

Accredited estate planner

Another professional you may want to have on hand when creating a plan for your assets will be an accredited estate planner. This is a person who is licensed to practice as an attorney or CPA. They have experience in financial planning, accounting or related fields. To earn this certification, a person needs five years of experience in estate planning.

Certified trust and fiduciary advisor

A CTFA is a certification that is awarded by the American Bankers Association. To get it, a person needs three years of experience in wealth management. They will also need to complete a wealth management training program, make an official statement of ethics and then pass the exam. Another 45 credits of further education are required every three years.

The average person creating an estate plan doesn’t have experience with these matters. Turning to professionals for help may ensure that estate planning is accomplished without any major issues.


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