Estate Planning Paralegal

Well-respected established law firm with a strong presence in Michigan is seeking a knowledgeable Estate Planning and Gift Tax Paralegal. The Firm offers an outstanding work environment and competitive salary/benefits. You may also work a hybrid schedule of 2 days offsite, 3 days in-office.

Responsibilities include:

Estate Planning Matters

• Generate estate planning documents (HotDocs), including Wills, Trusts and Durable Powers of Attorney
• Generate gift tax planning documents, including irrevocable trusts and related docs

Trusts

• 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
• 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

SKILLS AND ABILITIES:

• Intermediate to advanced experience using Microsoft Excel and HotDocs
• Experience with tax software programs
• Teachable attitude,

EDUCATION:

• Bachelor’s Degree and Paralegal Certification from an ABA approved program is preferred.