Estate Planning Software Options for Financial Advisors

Estate planning is an important service that financial advisors offer to support 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 estate plans for your clients. For financial advisors looking for estate planning software, several 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 used by financial advisors:

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1. Asset-Map

Website: https://www.asset-map.com/
Cost: $142 to $189/month for a 1-year contract plan; firm 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.

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2. EncorEstate Plans

Website: https://encorestateplans.com/
Cost: Pay-as-you-go plans range from $100 to $650; 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 ($400), Trust-Based Plan ($655) and Deed Prep & Filing starting at $300. 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: Contact Snug for pricing details

Snug provides a digital estate planning platform designed to help financial advisors incorporate estate planning into their client experience without adding significant administrative complexity. The platform allows advisors to guide clients through the creation of core estate planning documents, including wills, revocable living trusts, powers of attorney and healthcare directives, through an intuitive, guided workflow. Advisors control client pricing and experience, and can deploy fully branded portals and dashboards using their logo and domain.

4. NaviPlan

A financial advisor uses estate planning software to work with clients.

Website: https://investcloud.com/naviplan/
Cost: Request a trial

NaviPlan by InvestCloud 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 highly-rated software 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 attorneys who offer estate and legacy planning, though it’s also used by financial advisors. 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. Vanilla offers three primary service levels: Advisor Advanced, Advisor Expert and Enterprise Team, which scale based on the depth of planning and firm-level capabilities an advisor needs.

Advisor Advanced is designed for individual advisors who want robust estate visualization, client collaboration and document analysis tools, while Advisor Expert adds more sophisticated modeling, scenario analysis and advanced planning features. Enterprise Team is built for larger firms and includes multi-user management, enhanced security and permissions, enterprise integrations and dedicated support to standardize estate planning workflows across teams.

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.

Meanwhile, if you want support generating new wealth management prospects and nurturing them through your sales process, SmartAsset AMP (Advisor Marketing Platform) connects advisors with high-intent investor referrals that align with their target geography and asset tiers, and then provides the tools to follow up efficiently. With features for automated email, text and call outreach, CRM integrations and a dedicated account manager, the platform helps keep outreach organized and gives advisors visibility into each lead’s activity.

Bottom Line

Two financial advisors work with estate planning software.

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.