History and Purpose
The NAEPC was formed in 1962 and incorporated in 1963 as a non-profit business league by 13 estate planning leaders from nine councils. Though numerous objectives have been pursued over the years, the abiding conviction is that the team approach to estate planning is essential to the creation of the estate plan to which each client is entitled.
The founders of NAEPC held two fundamental convictions:
The initial concept for estate planning councils began with bank trust officers and life underwriters in the early 1930's. In 1937 the Trust Division of the American Bankers Association and the National Association of Life Underwriters adopted Companion Resolutions which endorsed the establishment of Life Insurance-Trust Councils. A Guide for Forming Life Insurance - Trust and Estate Planning Councils was published jointly by these organizations between 1937 and 1959. This guide enumerated six purposes for the estate planning council movement: