Trust and Estates Paralegal

Please send your resume in Word format if you are interested in a
Trust and Estates Paralegal opening located in Troy, MI. Salary
for this role is going to be in the $70K-$75K range with AMAZING
benefits. If you are not interested in this position, please pass
onto colleagues/associates as we do offer referral fees should
they be hired.

Job Title: Trust and Estates Paralegal

Location: Troy, MI

Work Environment: Onsite

Pay Rate: $70K- $75K

3rd Party C2C/Transfer: No

Referral Fee: $500 – Refer qualified colleague, friends, or
family

GENERAL PURPOSE: Provide support and assistance to the attorneys
during all phases of probate, trust administration, estate and
gift tax planning, and other estate planning matters.

MAJOR RESPONSIBILITIES:

Estate Planning Matters

* Generate estate planning documents for clients using HotDocs
software, including Will, Trusts and Durable Powers of Attorney
* Generate gift tax planning documents for clients, including
irrevocable trusts and related documentation

Trusts

* Draft fiduciary income tax returns for trusts; inform trusts’
beneficiaries of the tax liability of their distributions via IRS
Schedules K-1
* Draft gift tax returns
* Prepare and maintain a calendar system for tax deadlines
* Evaluate assets (as of date of death and alternate valuation
date); verify bank balances and prepare inventory
* Prepare accountings for estates and trusts
* Draft final settlement and order for final distribution
* Coordinate the transfer of assets into trusts, including bank
accounts, stock transfers and real estate deeds
* Make income payments to trust beneficiaries
* Draft petitions and proposed orders as necessary
* Maintain financial records of trusts
* Correspond and communicate with trusts’ grantors and
beneficiaries
* Draft inventories, accounts, and petitions for those trusts
requiring adjudication
* Draft pleadings registering or terminating trusts and
appointing or substituting trustees

Guardianship/Conservatorship

* Draft petitions to commence proceedings, personal well-being
reports, notices of right to appeal annual and final accounts,
restorations to capacity, and closing documents
* Prepare accountings for guardianship and/or conservatorship
* Conduct preliminary valuation of assets held by the
ward/conservatee

Estate Administration

* Prepare and maintain a calendar system, noting important estate
administration deadlines and court appearances
* Obtain the will and draft necessary documents to file will with
probate court
* Draft documents to commence a probate proceeding; file the same
with the probate court and act as liaison with court personnel
while identifying interested parties by determining heirs,
devisees, contingent beneficiaries and creditors
* Evaluate assets (as of date of death and alternate valuation
date); verify bank balances and prepare inventory
* Coordinate with out-of-state attorneys to commence ancillary
proceedings to, for example, transfer title of vacation real
estate property, ascertain necessary creditor and debtor
information, and determine status of life and health insurance
benefits
* Arrange for notice to creditors to be published in a local
newspaper
* Review creditor’s claims; present to estate representative for
approval; transmit claims to the court
* File life insurance claims and other death benefit claims
* Obtain and review income tax returns and other financial
records
* Maintain estate bank accounts and investments
* Make a preliminary analysis of assets held by the decedent for
investment purposes, potential sale, liquidity needs, and
beneficiaries’ needs
* Draft individual, estate, fiduciary income, and gift tax
returns
* Collect documentation for audits of tax returns

SKILLS AND ABILITIES:

* Good organizational and project management skills
* Proficient in the use of on-line legal research services and
legal resources
* Excellent communication skills (both oral and written)
* Must have sound judgment
* Must be able to work independently with minimal supervision
* Intermediate to advanced experience using Microsoft Excel and
HotDocs
* Experience with tax software programs

EDUCATION:

* Bachelor’s Degree and Paralegal Certification from an ABA
approved program is required

Job Location