Probate Executive - London, United Kingdom - Search Consultancy

Search Consultancy

Verified Company

London, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

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Description

A Legal 500 ranked leading firm is recruiting a Probate Executive to join their Private Client team in London.

This award winning firm is a full service law firm providing specialist service for both domestic and international high net worth private individuals and families, family offices and commercial clients.

The firm are well known for their family and private client work and are widely regarded as one of the very best of the small number of firms in the UK who provide these specialist services at the highest level.

The Private Client department has two sections, the legal section and the trust and tax section.

The legal section consists of solicitors and legal executives, and the trust and tax section comprises qualified and unqualified trust and tax accountants and practitioners.

These two sections work closely together on our clients' affairs so as to provide a seamless service.

The legal section of the department currently consists of eight partners, one consultant, ten associates and senior associates, two chartered legal executives, one trainee and one apprentice.

In addition to dealing with the legal requirements of our clients this section is also responsible for the department's estate administration practice.

As part of the role you will assist with running a busy workload of probate and administration work, consisting of very complex and high value estates, and specifically the following duties and responsibilities, under the supervision of one of the senior fee earners in the team:

Co-ordinating the collection of assets and identification of liabilities, dealing with third parties such as banks, accountants, valuers and financial institutions to obtain date of death valuations via correspondence/telephone calls as required;
Reporting estate income and capital gains to HMRC, and preparing statements of income for beneficiaries;
Preparing and maintaining estate administration accounts; and
Dealing with the distribution of funds to beneficiaries in the appropriate manner.

The core profile of clients who are looked after by the firm are wealthy families, often with a number of family trusts and grant making charitable trusts.

Their assets might include shares in family owned businesses, quoted investments, bespoke open ended investment companies, hedge funds, or landed estates and property.

The team also act for business executives, entrepreneurs who have generated their own wealth, and families whose assets have accumulated over the generations, and who may have assets in other jurisdictions.

Be a qualified solicitor or a member of the Chartered Institute of Legal Executives.
Have an understanding of the inheritance tax rules, accounting and procedure, as well as Income and Capital Gains Tax compliance in the context of estate administration.
Have experience of having assisted with the administration of estates.
Have a good administrative skills and an eye for detail.
Have the ability to work as part of a team or on their own.
Have good customer service skills.
Have a good telephone manner.
Have excellent command of written English and numeracy skills.
Be computer literacy and specifically experience with Excel.