Estate Administration Services Market Report 2025

The estate administration services market size has grown rapidly in recent years. It will grow from $14.18 billion in 2024 to $15.77 billion in 2025 at a compound annual growth rate (CAGR) of 11.2%. The growth during the historic period was driven by longer life expectancy, greater use of traditional probate services, higher asset ownership among older adults, expansion of legal documentation services, and increased reliance on in-person estate advisors.

The estate administration services market size is expected to see rapid growth in the next few years. It will grow to $23.79 billion in 2029 at a compound annual growth rate (CAGR) of 10.8%. The growth projected for the forecast period is driven by an aging population, rising awareness of estate planning, increasing digital literacy among older adults, growing demand for integrated legal and financial services, and a preference for outsourcing estate-related tasks. Key trends during this period include technological advancements, innovation in digital estate task automation, development of online will creation platforms, introduction of AI-based probate tools, and increased investment in estate technology startups.

The growing prevalence of digital assets is expected to drive expansion in the estate administration services market. Digital assets include cryptocurrencies, digital documents, media files, and intellectual property stored digitally. Their rise is fueled by increased blockchain adoption, which offers a secure, decentralized, and transparent method for recording and managing ownership. Estate administration services support digital assets by organizing access credentials, ensuring proper transfer of ownership, enhancing security for heirs, and reducing disputes over digital property. For example, a report from the Financial Conduct Authority in March 2025 noted that the share of UK adults holding cryptoassets increased from 10% in 2022 to 12%.

Technological advancements are enhancing efficiency in estate administration operations. Companies in the sector are developing automation platforms to streamline complex workflows and reduce manual effort. These platforms simplify task management, improve accuracy, and ensure consistency. In November 2022, Trustate Corporation, a US-based provider of estate administration services, launched a fully automated platform for trusts and estates professionals. The platform centralizes estate management tasks, including administration, planning, guardianships, and ongoing trust administration, into a single portal, facilitating collaboration between attorneys, paralegals, and other stakeholders while minimizing risk and manual effort. Its flexible, usage-based pricing model requires no setup or training.

In January 2025, Estatesearch Limited, a UK-based IT service management company, acquired Exizent for an undisclosed sum. The acquisition aims to accelerate innovation in bereavement and estate administration services, delivering greater efficiency, advanced tools, and improved outcomes for legal, financial, and accounting professionals, while enhancing support for bereaved families. Exizent is a Scotland-based provider of cloud-based legal practice management software specializing in estate administration services.

Major players in the estate administration services market are JPMorgan Chase & Co., Charles Schwab Trust Bank, The Northern Trust Company, Dentons US LLP, Ocorian Limited, The Bessemer Group Incorporated, Withers Bergman LLP, The Bank of N.T. Butterfield & Son Limited, JTC Group Limited, Saffery Champness Trust Corporation Limited, Hawksford Group Limited, Fiduciary Trust Company International, Apex Fiduciary Services Limited, Sovereign Group Limited, Trust & Will Inc., Fladgate LLP, Zenplans Ltd., ClearEstate Inc., Hoerner Bank AG, Estateably Inc., EstateExec Inc., Invictus FinServ LLP, and Mishcon de Reya Trust Corporation Limited.

North America was the largest region in the estate administration services market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in estate administration services report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the estate administration services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The rapid escalation of U.S. tariffs and the resulting trade tensions in spring 2025 are significantly impacting the professional services sector, particularly in legal, consulting, architectural, and engineering domains. Higher costs for imported technology, software licenses, office equipment, and digital infrastructure have raised operational expenses for firms reliant on global tools and platforms. International consulting projects are facing delays or cost overruns due to increased travel expenses and restricted access to foreign-sourced data and tools. Additionally, clients in manufacturing, construction, and logistics, heavily affected by tariffs are cutting back on outsourced services, squeezing demand for professional expertise. As a result, service providers are reevaluating pricing structures, expanding domestic supplier relationships, and investing in AI-driven solutions to sustain profitability and client engagement amid economic uncertainty.

Estate administration services involve managing a person’s affairs after their death, ensuring that assets are handled appropriately, debts are settled, and the estate is distributed according to legal requirements. These services aim to preserve the estate’s value, maintain fairness among beneficiaries, and facilitate a smooth transfer of ownership while minimizing potential disputes.

Key types of estate administration services include probate services, estate planning, trust administration, and tax preparation. Probate services handle the legal process of managing a deceased person’s estate, which includes validating the will, settling debts, and distributing assets to beneficiaries. These services are offered through both online and offline channels and serve clients such as individuals, law firms, and financial institutions.

The estate administration services market research report is one of a series of new reports that provides estate administration services market statistics, including estate administration services industry global market size, regional shares, competitors with an estate administration services market share, detailed estate administration services market segments, market trends and opportunities, and any further data you may need to thrive in the estate administration services industry. This estate administration services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The estate administration services market includes revenues earned by entities by providing services, such as asset valuation, distributing assets to beneficiaries, record keeping and reporting, handling tax matters, and resolving disputes. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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