Trust & Estates Client Services Paralegal (Fiduciary Accounting)
LOCATION: New York, NY
THE ORGANIZATION: Large U.S. Based Multinational Law Firm
COMPENSATION: Base salary will commensurate with experience, up to $115K, Paid Overtime Benefits; Paid Time Off; 401K; Life and AD&D Insurance; travel and tuition reimbursement options, generous bonus, benefits including Medical, Dental and Vision Coverage
KEY RESPONSIBILITIES:
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Manage and prepare probate proceeding papers
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Maintain estate administration files and a complete set of correspondence, memos and administrative documents
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Collect and run a valuation of assets, payment of debts and bequests
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Prepare and file federal and state tax returns
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Prepare informal estate and trust accounting
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Correspond with clients requesting gift information and monitor the status of gift tax returns; prepare gift tax returns
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Prepare life insurance forms transferring ownership and change beneficiaries of life insurance policies
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Assist in all phases of the administration process from the collection of assets to final distribution of assets; manage income tax payments
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Work with real estate and corporate specialists to transfer assets
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Review Form 1041’s prepared by accountants
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Prepare receipt and release agreements
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Organize fiduciary appointments and tax planning
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Handle all trust and estate administration
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Prepare federal estate tax returns and appropriate state estate tax returns
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Manage client contact information, letters, e-mails, estate planning documents and asset lists
REQUIRED SKILLS:
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2+ years of Trust & Estate paralegal experience
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Bachelor’s Degree required
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Ability to travel and work overtime as needed
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Knowledge of estate and trust income taxation
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Proficient using One Source Estate Tax Program and NYSBA Surrogate Court program required
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Excellent interpersonal skills with a talent for developing rapport with clients, attorneys and co-workers
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The ability to work well under pressure and coordinate several activities at once
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The initiative to problem-solve and meet strict deadlines
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Strong research skills
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Proficient using computer software and MS Excel
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The willingness to make a long-term commitment to the Firm