Trust Administration Assistant

Our Private Client group is based in our Chesham Office. The Group Head for Private Client is Gillian Outram.

If you do not have a will or you do not keep it up to date, countless problems can arise for those you leave behind. Your assets may be eroded through tax or your heirs may not actually receive what you wish to pass onto them.

Proper planning in your lifetime can help you resolve the difficulties of how to pass on the family home/business and other assets, whilst preserving your family's wealth. You may also need specialist advice where foreign assets and domicile are concerned and in providing for disabled relatives and second families. IBB's expert lawyers can guide you through the complex issues which need to be addressed.

About the team

High net worth private clients form a significant part of the client base for IBB’s private practice. Services including wills, probate, tax, trusts, estate planning and property advice for individuals. Work is also undertaken for institutional clients. The team is particularly strong in its Court of Protection work. Three solicitors are members of STEP. Other related teams with whom there is a close working relationship are contentious probate, charities, family law including children’s cases, employment and personal injury.

Job Purpose

Preparation of Estate accounts, assist with Trust Administration, including the preparation of Trust Accounts.  Assist with the tax returns for Trusts, Estates and individuals.

• To assist the Trust and Tax Adviser with accounts of trusts including:
• a. Maintaining records of receipts and expenditure
• b. Actioning agreed changes in investments
• c. Preparing tax returns
• d. Dealing with property issues arising out of properties owned by trusts

• To assist the Team with the preparation of Estate Accounts and provide information for the completion of lifetime and Estate Tax returns

• Complete tax returns accurately and within statutory guidelines for
• a.  Trusts
• b.  Estates
• c.  Court of Protection
• d.  Individual clients

• Provide general tax advice on income tax and capital gains tax

• Assisting the team in all other accounting and taxation queries arising out of estates, trusts and private client matters.

• Identifying tax information in client files and collating this information for the Trust and Tax Adviser

• Dealing with legal, financial paperwork and filing

Education

• Qualified accountant or a similar qualification (ACCA or ACA) (desirable)

• Book keeping qualification or working towards a qualification e.g. AAT (desirable)

Experience

• Have the ability to work independently and understand requirement for accounting and taxation relating to private client work

• A minimum of two years’ experience working in a similar role in legal professional environment

Skills

• Highly numerate and analytical

• Able to work on own initiative, hitting the ground running

• Able to work in pressurised environment and work to tight deadlines

• Strong numeracy skills

• Intermediate working knowledge of Excel

• IT literate