Support PDF,DOC,DOCX,TXT,XLS,WPD,HTM,HTML fils up to 5MB
Date Last Verified
ProfileTrust and Estate Associate The candidate will be responsible for the coordination of all new business submissions and must be conversant in various capacity issues such as Trustee vs. Agent as well as Executor. Will be able to interpret complex legal documents to identify appropriate parties i.e. trustee, grantor, beneficiary and executor. Work with the client_x001A_s personal legal counsel to convey MLTC specific required legal language to be incorporated into the trust agreement. Work with the predecessor trustees to obtain tax returns, account statements, amendments etc. Obtain the necessary approvals on investment platforms spanning Consults, UMA , PIA, ETFs, Blackrock, MFs. Coordinate complex funding strategies (restricted stock) as well as exception diversification plans. Obtain necessary documentation and required approvals for the funding trusts with unique assets i.e. real estate, LLC/LPs. Prepare all new account paperwork for the various types of trust business, investment platforms etc. Prepare the Trust specialist checklist, the Fee analyzer. The Fee concession form if applicable, the Fee Set-up form which can be very complicated because one relationship can span multiple investment platforms, LOAs. ATF, generating LMA docs once the acct has been established. Generate pitch books for client meetings, sending marketing information to FAs as requested. Regularly communicate and partner with assigned Trust Specialist, Internal Trust Specialist, Regional Fiduciary Officer (RFO), Investment Oversight and Operations. Review client documents to determine the nature of case, red flags, etc. Understand pricing model and parameters around discounting. Prepare paperwork for client signatures. Process paperwork after client signatures are obtained. Ensure handoff from Trust Specialist / Internal Trust Specialist (ITS) to Trust Officer (TO). Act as point person on follow-up between Administration and FAs for outstanding new account documents.
Qualification and Experience
The candidate should have Bachelors Degree. JD degree is strongly preferred. Previous trust experience strongly preferred. Must have understanding of (or the willingness and ability to learn) estate planning concepts, ML Trust Company products, platforms, systems, policies and procedures. Must have knowledge of the underlying nature of a client's estate plan through appropriate interface with clients, financial advisors and outside legal and tax advisors. Must possess strong interpersonal skills. Strong verbal and written communication skills is required.
Job number: 17049465