Abstract
Estate planning is one of the most ethically complex areas of financial advice. It sits at the intersection of law, finance, family dynamics and deeply held personal values. While financial advisers do not provide legal advice, they are often the first professionals clients engage when considering how their wealth will be structured, distributed and understood after death. The quality of these early conversations can significantly influence not only financial outcomes, but also family harmony and the likelihood of future disputes.
This article explores the ethical responsibilities advisers must navigate in estate planning, including acting in the client’s best interests, managing fairness versus equality, recognising vulnerability, maintaining professional boundaries, and knowing when to involve specialist estate planning lawyers. Drawing on perspectives from both legal and financial advice professionals, it highlights how collaboration, transparency and the ethical use of structures can protect a client’s legacy and relationships. Ultimately, ethical estate planning is not just about transferring wealth; it is about transferring intent, clarity and peace of mind.
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