Trusts and Estates Paralegal

New York, NY

Summary

A major Wall Street Law Firm has an immediate opening for a Trusts and Estates Paralegal.

Responsibilities

The responsibilities for this trusts and estate paralegal/fiduciary accounting position include:

• Preparation of fiduciary income tax returns (Form 1041 and related state returns) on the Intuit ProSeries Software and monitoring estimated tax requirements for estates, trusts and some individual clients;
• Preparation of federal and state estate tax returns using Thomson Reuters OneSource;
• Preparation of petitions and other documents to be filed in Surrogate’s Court in probate and trust-related matters:
• Preparation of tax calculations and otherwise assisting in connection with estate planning for high net worth clients;
• Assisting attorneys and clients in connection with trust administration (including keeping track of GRAT distributions and other mandatory trust distributions and sending Crummey notices);
• Working with officers of a private foundation in connection with organizing records needed by outside accountants to prepare Form 990-PF and making charitable distributions and required tax payments;
• Calculation of fiduciary commissions; and entering transactions with respect to estates and trusts in a fiduciary accounting program (we currently use OneSource Fiduciary Accounting System) to be able to produce accountings at any time during administration of the estate or trust.
• Knowledge of Omega FAS program is a plus.

Requirements

Candidates must have a Bachelor’s degree (no CPA is required) and at least 5 years of experience as a Trusts and Estates Paralegal at a peer law firm. Must be proficient with Microsoft Word, Excel, Outlook, PowerPoint, e-filing, FileSite or DeskSite, OneSource FSA, Omega.