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Years of Experience
Date Last Verified
ProfileSenior Trust Officer- Assistant Fiduciary Counsel Responsibilities: Work with assigned Client Advisor teams to support proper administration of a book of assigned trusts Prepare documents relating to the transfer of trusts (e.g. Acceptances of Appointment) Coach members of the Client Advisory teams in the proper account structure, funding, fees, and coding related to new accounts at the point of account opening Review governing instruments (e.g. trust agreements and wills) and prepare trust analyses as part of the Initial Trust Review process; follow up on critical identified action items that remain outstanding to ensure proper trust administration Review transaction documents and participate with Estate Planners, Client Advisory teams and clients’ outside counsel to adjust content / structure as needed to properly implement various funding, lending and other complex transactions; draft related Direction Letters for directed transactions Work with assigned Client Advisory teams to support all steps in the termination process including the preparation of informal settlement documents (Receipts and Releases) Serve as in-house resource for trust administration questions (solving overdrafts, guidance on actions that may / may not be permissible under the trust’s terms, identification of solutions and work-arounds for various problems as they arise, identifying and applying appropriate state and/or federal law to given situations – generally coaching and supporting Client Advisory teams to ensure correct trust administration. Develop and present training modules and materials as assigned Oversee the preparation of Discretionary Distribution and Special Investment Requests for Committee consideration as part of the ongoing trust administration; Review workflows for cash distributions for consideration of any threatened GST taxation and develop appropriate solutions where needed or determine what exception(s) might apply; review cash management workflows as needed. Perform additional special projects, as needed.
Qualification and Experience
Qualifications: College degree and law degree required. 5+ years of experience in personal trust administration . Strong knowledge of income tax, estate tax, gift tax and GST tax required. Strong knowledge of trust law (knowledge of Delaware trust law preferred). Excellent analytical skills and attention to detail. Excellent interpersonal skills and the ability to deal effectively with a wide variety of people. Must be a team player. Strong computer skills; proficiency with Microsoft Word and Excel; familiarity with PowerPoint; comfortable learning new software packages (banking-related). Highly motivated and a self-starter. Strong organizational skills (able to handle multiple priorities). Excellent communication skills (oral and written).