Job Title: Estate Planning Paralegal
Job Responsibilities:
- Gift Tax Returns: The paralegal will prepare and file annual IRS Form 709 Gift Tax Returns with minimal supervision. This involves coordinating with clients and accountants to gather necessary financial documentation, tracking filing deadlines, and ensuring timely submission.
- ILIT Administration: Responsibilities include monitoring premium payment schedules, maintaining accurate tracking logs, drafting and distributing Crummey notices in accordance with trust provisions and IRS guidelines, and maintaining ILIT files to ensure compliance with administrative best practices.
- Trust Funding: The paralegal will prepare and record deeds, assignments, and other related documents necessary for trust funding. This role requires coordination with title companies, banks, and other institutions to transfer assets into trust, as well as maintaining organized trust funding binders and checklists.
- Promissory Notes: The paralegal is responsible for proactively tracking maturity dates, interest payments, and compliance deadlines related to promissory notes. This includes coordinating with clients and the legal team to initiate and document note renewals or payoffs, as well as maintaining organized records of all promissory notes and supporting documentation.
- Client Management: The paralegal will serve as a key point of contact for clients throughout the estate planning process, providing regular updates and following up on outstanding items. The role requires anticipating client needs and supporting attorneys in delivering an exceptional client experience.
Education and Experience Information:
- A minimum of 5 years of experience in estate planning or tax-related legal work is required.
- The candidate should have a strong understanding of gift tax law, ILIT compliance, and trust funding procedures.
- The role requires a highly organized individual with excellent attention to detail and time management skills.
- Strong written and verbal communication skills are essential.
- Proficiency with legal software, document management systems, and Microsoft Office Suite is necessary.
- The ability to work independently, manage multiple priorities, and maintain confidentiality is crucial.
Preferred Qualifications:
- A Bachelor’s degree or paralegal certificate from an ABA-approved program is preferred.
- Experience with trust accounting or tax software is considered a plus.
- Being a Notary Public or having the willingness to obtain this qualification is also preferred.
Salary Information:
- The text does not provide specific salary information for this position.
