Estate Planning Software Development: Fintech Solutions to Address Legal Challenges in 2025

A vital procedure that guarantees the appropriate distribution of assets, trust administration, and preservation of family wealth is estate planning software. For legal software development such as wills, trusts, and powers of attorney helps to guarantee a seamless asset transfer after a death. Estate planning has always been a time-consuming, paperwork-heavy procedure. But with estate planning tools available, both experts and people are discovering fresh ways to simplify, automate, and safely handle these critical chores. 

By automating document preparation, offering real-time updates, and improving legal regulatory compliance, estate planning software has transformed the sector. Leading these changes are custom-built mvp software development, which provide scalability, adaptability, and capabilities meant especially to meet particular customer demands and difficulties. Custom-built solutions are altering how estate planning is handled and performed by matching resources to the particular needs of legal, financial, and personal users. 

What is Estate Planning Software?

Generally, individuals, executors, finance managers, lawyers, and law firms utilize estate planning software to create legal paperwork and plans addressing how their assets will be handled and dispersed following their incapacity or death. It covers the drafting of wills, trusts, and other legal papers like living wills, health care proxies, and power-of-attorney that name who can handle your money and medical needs while you are still alive and the kind of life-supporting medical treatment you would want should you be disabled. One might see it as a subset of the law practice management system.

Making bequests to heirs, appointing beneficiaries and executors, settling estate taxes, creating a will, establishing trusts, and organizing charity gifts are all easier using the estate plan software. The program supports the objectives of limited taxation, wealth protection, preservation, guaranteed appropriate custody arrangements for young children, and funeral planning. Legal practitioners may use estate planning charting tools to help other lawyers, clients, and juries better grasp and present estate planning and associated topics.

Market Statistics of Estate Planning Software

Driven by various elements including an increased awareness of the relevance of estate planning, the development of digital solutions, and a growing older population, estate planning software has witnessed notable increase in recent years. Following are some important market data and trends: 

• In 2024, the Enterprise Resource Planning Software market is expected to bring in $52.99 billion.
• With an annual growth rate (CAGR 2024-2029) of 4.26%, it should show a market volume of $65.29 billion by 2029.
• The market for Enterprise Resource Planning Software projects average Spend per Employee by 2024 to be $14.88.
• With $26,700 million in 2024, the United States is expected to bring in the most globally in comparison.
• Leading the way with a broad spectrum of industry-specific solutions catered to satisfy the various demands of American companies, the United States dominates the international market for Enterprise Planning software.

Benefits of Investing in Developing the Best Estate Planning Software

Using digital transformation services has become essential for updating how estate planning is handled in the fast-changing legal scene of today. While providing excellent service, custom software for estate planning helps legal professionals and advisers simplify processes, improve client relationships, and guarantee regulatory compliance. Some of the main advantages custom-built estate planning tools provide the sector are listed below:

Scalability

Custom-built estate planning software provides one of the benefits in that they may expand with your company. Custom software may scale to include more features, users, and data as your estate planning firm grows—whether that means more complicated estates or a larger clientele. 

Third-Party Integrations 

Custom asset management software development is meant to interact with other vital company tools such tax control systems, CRM systems, and financial planning applications. This connection guarantees a seamless information flow across systems. 

Client Accessibility

Cloud-based estate planning software provides customers 24/7 access to their records and data, therefore enabling simple inspection, change, or retrieval of key legal papers at their will. Since cloud access guarantees clients may handle their data from any device, anywhere in the globe, they no longer need to arrange in-office visits to update their estate plans. 

Data Encryption and Security

Security is critical given the delicate nature of the financial and personal information engaged in estate planning. Advanced encryption techniques and safe access limits included into property management software development help to guard client data from illegal access or breaches. 

Real-time Collaboration

Lawyers’ custom estate planning tools encourage real-time client, financial adviser, and legal team engagement. Working on the same document concurrently by many people allows updates and modifications in real-time without requiring extensive email chains or actual document transfers. 

Enhanced Compliance and Accuracy

Strict respect to local, national, and international legal systems is what estate planning is all about. Automated compliance checks and real-time legal updates included into custom-built trust and estate development services guarantees all papers are legally sound. 

Automatic Document Generation

Legal document creation—including wills, trusts, and powers of attorney—is much simplified by custom estate management systems. Automating document generating helps to cut the time required for hand data entering and writing. 

Also read: Top 30 Custom Software Development Companies

Features That you Should Include in Estate Plan Software

While there is a lot of software for estate planning out there, there are a few aspects that will make it very useful for your procedures. To help you evaluate your present solution and decide whether a change is necessary, we have created a property management features checklist.

1. Customer Support

When integration is complete, you should still be able to go for software development consulting for assistance. Try to choose service providers who have a stellar reputation for customer care and employ devoted account managers. If you have a question, someone will answer it, and you won’t have to worry about any interruptions to your service or downtime. 

2. Security and Privacy

Cyberattacks and compliance problems are real risks with many outdated property management systems. Your property management system contains sensitive information thus it is imperative that it has sufficient security measures to safeguard this data. 

3. Integrations and Customizations

To make the solution work for your company, your system should let you tweak it to your liking. To further guarantee effective and error-free operation, it should also interface with other programs without a hitch. 

4. Hosting Functionalities

Your estate planning software should be able to accommodate remote workers if that is something your company depends on or wants to provide. Your business may stay up-to-date with cloud-based software or hosting alternatives, which allow employees who interact directly with property management software every day to work remotely.

5. Reporting Features

Your organization may benefit from better business choices and development if it has access to sophisticated reporting tools. You may have a clear view of your data with the help of key reporting capabilities like:

• Adaptable, completely customizable report generator
• Features for exporting to Microsoft Word or Excel
• Timetable for reports
• Analysis of service charges compared to budget
• Records of repairs
• Detailed financial records
• Utility and fixed asset meters

6. Automation

An estate planning software’s ability to automate a large number of routine chores should be high on your list of priorities. With this crucial time-saving feature, you can give your whole attention to expanding your company. Property management systems may automate a variety of functions, including:

• Budgeting for service charges
• Trailing behind
• Important Dates to Remember
• Workflows
• Rental payment
• Requests for maintenance
• Continued Services
• Notices to tenants

7. Built-in CRM

You can keep track of all your incoming and outgoing conversations with customers using customer relationship management (CRM) software. By facilitating the management of all conversations with renters, clients, and suppliers, customer relationship management technologies will enhance your connections with them.

8. Finance and Account Management

Rent collection, financial reporting, and spending monitoring are all functions that need a system with strong accounting and financial skills. By using these capabilities, you will be able to maintain precise financial records and make well-informed judgments about the properties under your management.

9. Maintenance

Tenants may now submit maintenance requests online, and property managers can easily monitor and prioritize them with the help of maintenance management capabilities. With this procedure streamlined, maintenance requests will be handled quickly and efficiently, leading to better communications, insights, and analysis.

10. User Profiles

Users, customers, and renters should be able to view critical documents like maintenance requests, payment records, and lease agreements via an online portal that your property management system provides. Less paperwork and better communication with owners and renters are two benefits of this.

Cost to Develop the Estate Planning Software

The size and complexity of the project affect the development cost of software for estate planning. Usually, you should budget between $50,000 and as much as $250,000. Another determinant is the kind of project one is doing. System configuration management program development, for instance, might run between $100,000 to $300,000. You also have to weigh your team’s pay scale and size.

What is the Best Estate Planning Software?

Here are some of the best estate planning software in the current US market.

1. OneStream Platform

With the flexible and controllable OneStream platform, adaptive software development companies can intelligently coordinate and integrate operational and financial planning across Sales, Marketing, Supply Chain, and FP&A. Users are able to work together using data-driven signals and insights to manage performance and plan continuously across the whole company.

OneStream Platform Features

• Quality management
• Budgeting and forecasting
• Guided reporting

2. Anaplan Platform

When you use Anaplan, it will change the way you run your company. Anaplan empowers you to anticipate change, tackle complexity, and move at the pace of the market by dynamically linking financial, strategic, and operational plans in real-time. 

Anaplan Platform Features

• Integration capabilities
• Dynamic planning
• Predictive insights

3. Workday Adaptive Planning

Organizations may attain business agility via continuous and company-wide planning with Workday Adaptive Planning, a cloud-based financial planning and analysis solution. This is one of the best estate planning software that is driven by AI and ML and provides the scalability and adaptability that businesses need for complex, multi-dimensional modeling.

Workday Adaptive Planning Features

• Financial planning
• Forecasting
• Workforce planning

Wrapping Up the Estate Planning Software Development Process

Helping you to manage your estate and create future plans depends on how well you adapt estate planning software. Estate planning tools help you to monitor your assets, debts, and spending. This material will enable you to decide on your estate with knowledge. Therefore, estate planning apps may also enable you to tell your loved ones your intentions. Using software helps you to guarantee that your estate is run in line with your intentions.

You are at the correct spot if you search for the finest estate administration program. Estately can enable your company to run flawlessly even with a totally remote crew. On your estate planning records, papers, and other matters, we can save you time. Among other legal papers, accounting reporting, estate and probate administration forms, we assist with automation. Get in touch right now to find out more and start! 

Read more: 50+ Software Development Ideas to Consider

FAQs

How to develop an estate planning software?

Beginning with market research and regulatory compliance, build estate planning software. Specify salient characteristics including document generation and safe storage. Select a good technological stack, create an easy-to-use interface, and test extensively. Take also into account integration with law firm website development to improve accessibility and user experience.

Is it necessary to hire a fintech software development company?

Establishing strong “software for estate planning” sometimes depends on hiring a fintech software development business. Their knowledge guarantees financial rule compliance, strengthens security, and speeds growth. Working with experts may also help to incorporate sophisticated features and enhance user experience, therefore producing a more dependable and efficient solution.

How do custom software development companies help with the development process?

Custom software development firms provide scalability, provide specialist knowledge, and customize solutions to particular demands, therefore supporting the development process. They incorporate user comments, run extensive tests, and help project management. This method guarantees that will estate planning software complies with laws, and is not only functional but also user-friendly.