Estate Planning Software Options for Financial Advisors

Estate planning is an important service that financial advisors offer, ensuring a smooth transfer of wealth and the protection of a client’s financial legacy. Utilizing the right tools for estate planning can greatly enhance the accuracy and efficiency of developing them for your clients. For financial advisors looking for estate planning software, several top-tier options are available that may help them optimize workflows, enhance client outcomes and support comprehensive planning strategies.

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Estate Planning Software for Financial Advisors

Estate planning software can streamline the process of creating estate plans while ensuring that estate planning documents are accurate and legally valid. When comparing estate planning software, it’s helpful to consider the scope of features and benefits offered, as well as the cost to both you and your clients.

With that in mind, here are some estate planning software options that are highly recommended among financial advisors:

1. Asset-Map

• Website: https://www.asset-map.com/
• Cost: $142 to $189/month for a 1-year contract plan; office pricing is available

Asset-Map is a visual financial planning platform used by RIAs, insurance agents, tax professionals and estate planners. It offers three tiers: Professional ($142/month), which includes core planning tools like Target-Map comparisons, client questionnaires and a client portal; Elite ($189/month), which adds marketing resources, onboarding support and branding tools; and Firm, a customizable solution for practices with three or more advisors that includes volume pricing, centralized user management, analytics and firm-level branding.

2. EncorEstate Plans

• Website: https://encorestateplans.com/
• Cost: Pay-as-you-go plans range from $100 to $625; subscription tiers also available (Free, Pro, Team and Enterprise/Firm pricing available upon inquiry)

EncorEstate Plans partners with advisors to help them offer their clients a superior estate planning experience. The pay-as-you-go menu includes packages such as Business Assignments ($100), Powers Only Plan ($125), Visual Plan Summary ($150), Will-Based Plan ($375), Trust-Based Plan ($625) and Deed Prep & Filing starting at $250. They also offer subscription options (Free, Pro, Team, Enterprise) with features like Custom Branding, unlimited logins, advisor-led visual summaries, human quality control, estate planner support, and plan bundles that reduce per-plan cost

The platform focuses on quality and completion: every plan undergoes a 60-point human review by estate planners and paralegals, and trust funding is available through in-house deed preparation and county-specific filing in 95% of U.S. jurisdictions.

3. Snug

• Website: https://www.getsnug.com/advisors
• Cost: Onboarding fee of $500 to $6,000

Snug offers advisors a streamlined, all-in-one estate planning platform with a choice between two white-label tiers. The Standard White Label option includes a one-time $1,250 setup, with a Will at $200 and Trust at $500. The Agency White Label ups the setup to $6,000 but lowers document costs to $150 for a Will and $400 for a Trust. There are no subscriptions or recurring fees. Instead, you pay a single onboarding fee and then opt for pay-per-plan pricing. Advisors control client pricing and experience, and can deploy fully branded portals and dashboards using their logo and domain.

4. NaviPlan

• Website: https://www.advicentsolutions.com/en-us/features/estate-planning
• Cost: Request a trial

NaviPlan is designed with advisors who serve high-net-worth clients in mind. Advisors can use this software to develop estate plans that span a variety of needs, ranging from insurance to college planning to legacy wealth management.

With NaviPlan, you can generate visual reports to demonstrate to clients how much progress they’ve made in achieving their estate planning goals. Reports can be customized to fit individual client needs and match your firm’s branding.

5. Wealth

• Website: https://www.wealth.com/
• Cost: Contact Wealth for pricing details

Wealth combines best-in-class technology with human expertise to help advisors create tailored estate plans for their clients. Advisors can use the platform to fine-tune estate plans to match the unique circumstances of clients, regardless of which stage of the process they’re in.

Notable features include visual flowcharts for every client plan you manage, asset breakdowns and estate tax planning tools. Wealth makes it easy for advisors to generate key documents, including revocable trust documents, wills, advance health care directives and financial power of attorney forms.

6. Yourefolio

• Website: https://yourefolio.com/
• Cost: $149/monthly or $1,699/annually; enterprise pricing is available

Yourefolio is a software solution for advisors who offer estate and legacy planning, though it’s also used by attorneys. The platform enables advisors to engage clients, design custom estate plans and analyze the progress their clients are making.

One unique aspect of this software is its ability to connect advisors with beneficiaries in order to collect information for estate planning. That might be of value to advisors who are hoping to serve their current clients while building relationships with the next generation.

7. Vanilla

• Website: https://www.justvanilla.com/
• Cost: Contact sales for a custom quote

Vanilla is a complete estate planning solution for wealth advisors, financial planners and professionals who offer estate planning services. It allows advisors to create visual plans, deliver estate planning advice using a holistic approach, scale their estate planning offers and retain clients across generations.

While other estate planning software for financial advisors is focused on document creation, Vanilla allows you to organize and strategize to develop well-rounded plans.

Benefits of Using Estate Planning Software for Financial Advisors

Integrating software into your estate planning services can offer numerous advantages for both you and your clients. Automation tools, such as those that streamline client intake, can free up valuable time, allowing you to focus on serving clients or expanding your business.

Additionally, estate planning software helps ensure compliance with legal requirements without the need to outsource tasks to an attorney, potentially saving both time and legal fees.

Clients may also benefit from user-friendly features like visual estate planning maps and easy-to-understand reports, free from complex legal jargon. By enhancing the client experience, you can increase satisfaction and improve client retention over the long term.

If you’re also looking for help finding new clients or nurturing leads, consider SmartAsset AMP. The concierge team can connect you with live leads for better close rates as well as provide you with a platform to manage your pipeline and develop nurture campaigns for longer sales cycles. Find ways to improve your marketing ROI today.

Bottom Line

Estate planning software and other financial software programs can make running and scaling your business easier by streamlining workflows, improving accuracy and enhancing client communication. Taking time to compare the best software options, based on features, benefits and pricing, can help you find the right one for your firm’s needs, ensuring efficiency, compliance and a seamless user experience for both advisors and clients alike.

Tips for Growing Your Advisory Business

• The right software can help with your current clients but not in helping you find new clients. SmartAsset AMP (Advisor Marketing Platform) is a holistic marketing service financial advisors can use for client lead generation and automated marketing. Sign up for a free demo to explore how SmartAsset AMP can help you expand your practice’s marketing operation. Get started today.
• Expanding your services is one way to attract new clients; leveraging social media is another. Digital marketing can be a powerful tool for connecting with your target audience and getting more eyes on your business. Creating social media content in written or video form that speaks to the needs of the types of clients you’re hoping to attract can help you to increase your firm’s visibility online.

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