If you have a law degree and are looking to start up your own business, one way to do so is by becoming an estate planner. Although it might seem like this is the kind of thing that most individuals practice as a member of a larger firm, there is no law in the books saying this has to be so. For those who have the skills and are looking to be their own boss, this can be an extremely lucrative and rewarding profession, and you could conceivably operate out of your own home. In addition, you would be helping people in an area of life that can often be quite complex, which is the ability to transfer assets to loved ones in the event of a person’s death.
Many people go into the later period of their life a bit at sea about how to make sure that their wealth and assets go to the right place when they die. If you can set yourself up as an estate planner, you would cater to the needs of these people. This is not something you can enter into lightly, and many jurisdictions require some kind of certification before you can handle clients. It is also a grave responsibility, as it means that you are essentially responsible for these people having their wishes followed and their finances protected.
If you find yourself on the other side of this coin and need estate planning yourself, there are certainly excellent options available. Here is what you need to consider if you decide that being an estate planner is the home business for you.
Making an Impact
It is important for you to try and build your career as an estate planner by getting as much exposure as possible. That can be difficult in a field where many people naturally turn to established firms. It might require you building a website to advertise yourself and your qualifications. In addition, you have to find ways to put yourself in situations where there might be a lot of potential clients for you to attract.
Setting Up Shop
It would also be a good idea for you to have some dedicated space where you can host clients. That might mean building a home office with the proper accouterments, like a nice desk, wireless internet, seating for you and your guests, and anything else that makes an office friendly and welcoming.
Finding Your Niche
One way that you might be able to stand out from the crowd is to hone in on a specific area of estate planning that could conceivably draw a large clientele looking for just those services. For example, you might be someone who concentrates on the tax ramifications of passing an estate from one party to another. Standing out in a crowded field might mean doing one thing extremely well instead of a lot of things just OK.
If you think you have what it takes to be an estate planner, you should pursue it. It could just be the home business you’re seeking.
