Estate Planning Attorney Salary
The average salary for an Estate Planning Attorney is $76,273 per year. Experience has a moderate effect on pay for this job.
|Salary||$48,908 - $119,244|
|Bonus||$304.10 - $15,152|
|Total Pay (||$49,073 - $123,022|
Job Description for Estate Planning Attorney
Estate planning attorneys are lawyers who specialize in helping individuals and families plan for how assets, money, and debt will be discharged upon the deaths of persons within the family. They typically help people to write wills and also provide witnesses and oversight to ensure the document holds up in probate court if challenged. The job also involves finding ways to shelter inheritances from tax obligations and achieving desired outcomes, such as trusts and charitable donations, which conform to the wishes of an individual's estate.Read More...
Estate planning attorneys often work with individuals who have complicated assets and debts that may be passed along to loved ones upon the person's passing. While simple wills are fairly straightforward, in some cases investments, bonds, real estate, and holdings in private companies create complex issues which require an estate planning attorney. They must use their expertise in estate and inheritance law to guide individuals to the smartest choices for helping to shelter assets from tax burdens and obligations, as well as provide information on expected future taxes on a will, trust, or inheritance.
Estate planning attorneys may work with financial specialists to help clients create legally-binding trusts and agreements related to the disbursement of assets, and may also provide guidance for how an estate's assets can be utilized to discharge debts, such as mortgages and long-term loans, upon the death of an individual to avoid creating undue burden on surviving family members. In some cases, they also defend an individual will or trust from challenges by creditors or interested inheritors.
Most estate planning attorneys specialize in this area during their law school education. Because different jurisdictions have different laws pertaining to estates and wills, they should also be members of the bar in one more more jurisdictions and participate in continuing education to maintain professional certifications. Estate planning attorneys typically work long hours in a legal office environment.
Pay by Experience Level for Estate Planning Attorney
Pay by Experience for an Estate Planning Attorney has a positive trend. An entry-level Estate Planning Attorney with less than 5 years of experience can expect to earn an average total compensation of $65,000 based on 42 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Estate Planning Attorney with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $103,000 based on 14 salaries. An experienced Estate Planning Attorney which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $120,000 based on 12 salaries. An Estate Planning Attorney with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $155,000 based on 7 salaries.
Key Stats for Estate Planning Attorney
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