Job: Private Client Lawyer, Trusts, Associate, Partner

Private Client Lawyer, 50-90K+ Bonus;

Manager, Private Client Dept.;

Associate/Senior Associate level;

Career Progression, Succession Programme;

Heavy Trusts Specialists additionally welcomed – 80/150K.

We are seeking to locate a seasoned private client lawyer for our law firm client.  They can be described as medium sized, multi-office and progressive in terms of corporate-ethos. Our law firm client has an excellent reputation for client care and having the knowledge to set up and administer complex trust work. Ideally we are seeking to find an ambitious associate who is looking to move up to the rank of senior associate/manager in the near future. We would also invite applications of a senior associate – 15PQE+ who is looking to be considered for the succession programme. This does not guaranty a shot at partnership but you’re in the race as a contender.

Our client has an excellent reputation for setting up and running complex multi-product trusts for private clients. We would welcome applications from trust experts, whether you’re currently working at a law firm, investment bank or accountancy practice applications are invited on a nationwide basis, no matter what county you currently reside and practice business. Our client law firm has been established for many years in fact one of their family clients has been with the firm for three generations. Working for a firm such as our client, business referrals will flow. Client marketing will be expected and you will be asked about this factor on meeting. We would like candidates to have business generation facts and information available at the preliminary meeting. Local membership to golf, tennis clubs and other social-hubs will be encouraged. If you’re a lawyer and a keen golfer with an excellent progressive handicap, your membership fees to one prominent club will be paid for by our client.

Our law firm client’s policy is to gear the needs of their clients that include “large landed estates through small and medium sized companies to individual private clients and their families”. to all private client services that can be offered by a progressive modern thinking law firm that are traditional in business approach. Private client expertise constitutes focused law practice, encompassing the areas of Property, Trusts, Tax and Estate Planning, Heritage Assets, Wills, Probate, Family & Matrimonial, Corporate and Dispute Resolution. As our chosen lawyer your aim will be to provide clients with a highly personal, and technically excellent, holistic service. Our law firm client currently offers clients all of the following specialised services associated with private client work.

Strategic tax planning

Our client’s lawyers have detailed knowledge of the appropriate structures for holding assets, whether through trusts, companies or partnerships. They offer and implement advice on wills and lifetime gifts or settlements and on minimising capital taxation. Lawyers have extensive experience of the complex tax reliefs available for heritage property, and of advising how to extract the maximum benefit from them.

Wills and Powers of Attorney

Wills are a very important part of planning to meet family circumstances and substantial tax savings can be achieved by a correctly drawn will. Powers of attorney are also crucial in providing for management of your affairs if you should encounter either sudden or long term health problems.

 Probate and Administration of estates

Provision and comprehensive estate administration services offer specialist expertise in handling difficult circumstances following bereavement, assembling details of estate assets, obtaining probate, dealing with Inheritance Tax issues and distributing the estate; administering intestate estates and dealing with contested wills.

Trusts

Our clients lawyers advise on all questions of trust law, and deal with the drafting and execution of trust and settlement documents in many contexts. They carry out the day-to-day administration of trusts owning many different asset types. A lawyers expertise in specialist trust and tax matters also covers setting up charitable trusts and trusts of life insurance policies.

Tax

Our client has specialist lawyers and accountants provide comprehensive tax services in the administration of trusts and estates and the preparation of tax returns for individuals.

Portfolio Management

Our clients lawyers offer advice on both legal matters and managing general finances. They have close links with stockbrokers and other independent advisers which enables them to have access to a wide range of high quality financial services, particularly in the areas of investments and insurance.

 Estate Planning

• Advice on all aspects on Inheritance Tax, Capital Gains Tax and Income Tax;
• Agricultural and business reliefs;
• Heritage property and works of art;
• Charitable gifts;
• Insurance and pension arrangements;

Below are tasks that an associate level private client lawyer will be expected to know about and be able to administer, expect to be asked about some of these at your preliminary meeting:

• Interviewing clients and advising on probate matters;
• Administration of Estates including preparation of IHT400, IHT205 and Oaths, IHT calculations affidavits, deeds of variation, deeds of appointment valuing shares, making claims for relief on loss on sale of shares and land, estate accounts;
• Income Tax Returns;
• Some administration of Trusts and trust accounts;
• Preparation of Enduring Power of Attorney, registration of Enduring of Attorney and Receivership Accounts;
• Preparing and submitting forms FR1, AP1, TR1, AS1 and RX3;
• Management, administration and distribution of estates;
• Probate and letters of administration for large and small estates including all aspects from initial interview with client;
• Preparation and drafting of all required special requirement documentation;
• Valuation of assets;
• Preparation of Inheritance tax forms; obtaining the grant and dealing with the closure and the final tax issues;
• Distribution accounts;
• Wills including will trusts and estate planning relating to inheritance tax or care home fees;
• Preparation and drafting of wills and complex matters to do with wills;
• Inheritance tax planning drafting;
• Inheritance tax planning accounting and mitigation;
• Deeds of variation;
• Declarations of trust;
• Lifetime and post death tax planning;
• Creation and administration of trusts;
• Registering enduring powers of attorney;
• Drafting and enduring powers of attorney;
• Court of Protection receivership matters;
• Complex Court of protection work, administration and application;
• Preparation of HMRC inheritance tax accounts IHT200 and IHT205;
• Applying for grants of probate and letters of administration including drafting relevant and appropriate oaths and affidavits;
• Correspondence, preparation of estate accounts, file costing and drafting bills;
• Lasting powers of attorney;
• Registering EPAs and LPAs, preparing IHT205 and IHT400 forms;
• Drafting oaths for probate/administration;
• More complex matters of elderly client law;
• Lasting powers and all applications for Deputyship;
• Preparing and administering powers of attorney;
• Making receivership applications to the court of protection and representing clients at inquests;
• Power of attorney including advice to clients and assessment of mental capacity;
• Preservation of elderly clients assets;
• Long term care issues and funding ;
• Long term care issues using securitization and funding techniques;
• Out of Office visits to clients homes, hospitals and care homes,
• Trust work and all administration and accounting;
• Obtaining grants of probate/letters of administration;
• Calculating and paying inheritance tax;
• Drafting deeds of variation and deeds of appointment (often in cases of nil rate band discretionary trusts);
• Liaising with the relevant financial institutions to obtain the required administration information;
• Administering estates, preparing estate accounts, drafting R27 and R185 forms;
• Discretionary trusts;
• Trust deeds administration.

Real Estate conveyancing knowledge is very useful to a private client lawyer especially in probate cases; although useful, not essential and definitely not a deal breaker.

• Knowledge of leasehold and freehold domestic/commercial conveyancing;
• HNI conveyancing;
• Sale of probate properties;
• Transfers of equity and equity releases;
• Commercial business issues;
• Taking instructions from clients;
• Sending terms of engagement and estimates of fees and disbursements;
• Obtaining or checking land registry documents or title deeds (if the land is unregistered);
• Drafting or checking sales contracts and agreeing terms with the lawyer acting for the other party to the transaction;
• Collating and sending or checking supporting documents;
• Exchanging contracts and completing the transaction;
• Dealing with all financial aspects of a transaction;
• If the property is leasehold, obtaining the landlord’s agreement to the sale or the change of mortgage and dealing with apportionments of rent and service charges;
• Specific tasks for sales transactions include preparing the seller’s property information form; repayment of charges and paying the estate agent’s fee;
• Carrying out and checking pre-contract searches by checking whether the property is affected by local authority proposals, leases, easements or covenants, mortgages, land tax, susceptibility to flooding or subsidence, or liability for unsound building structures and repairs;
• Receiving and checking mortgage instructions from lenders and undertaking specific tasks required;
• Preparing transfer and mortgage deeds;
• Receiving mortgage funds;
• Paying stamp duty and land tax and dealing with the registration of client and lender with the land registry.

For further details, please contact: Jonny Scott-later, Joey Polperro or Ashley Armstrong;

Telephone – 01872 274227;

Mail 2 cornishexecutive@aol.com

Confidentiality is assured at all times.

Cornwall Executive Recruitment Ltd – An employment agency for job vacancies, personnel services and staffing solutions – 01872 274 277.