Trust Counsel

Responsibilities

• Wealth Planning: Provide clients with holistic review of estate and wealth transfer plans, including recommendations on options to best achieve wealth transfer goals, working in collaboration with relationship teams and outside professional advisors.
• Liaise with internal team members and outside professional advisors to gather all relevant information, then develop and implement any changes or additions to the client plans.
• Understand and update team and clients regarding changes to federal, state and local estate, gift and income tax laws and proactively identify impact to client plans.
• Trust And Estate Community Involvement/Marketing & Sales: Collaborate and coordinate with market teams and nationally in order to provide clients with breadth of firm’s offerings.
• Aid and participate in new business meetings in order to articulate value proposition of integrated wealth management offering.
• Actively represent the firm in the community through thought leadership and participation in industry groups such as bar associations, committees, networking groups and conferences.
• As a leader and SME for specific new projects and initiatives related to new business development and client retention, provide guidance.
• Provide Trust Administration Guidance: Provide guidance to trust team members on all aspects of estate and trust administration.
• Review intake of new trust business and related documents in accordance with trust acceptance procedures.
• Provide advice concerning trust terminations, accountings, decantings and use of nonjudicial settlement agreements.
• Engage and manage outside counsel.
• Review exercises of discretion, including distributions of principal and income.

Qualifications

• JD or LLM required.
• Bar admission in relevant states required.
• 10+ years of trust administration and wealth planning experience in a legal or professional environment. Law firm experience preferred.
• Cross-border planning experience preferred.
• Knowledge of state-specific Trust laws, including NY, New Jersey, and other jurisdictions, preferred.
• Network of professional advisor relationships to leverage and collaborate with.
• Fluency across financial planning disciplines, including cash-flow planning, insurance and risk management, income tax planning and investment planning, preferred.
• Excellent verbal and written communication skills.
• Excellent organizational skills with strong attention to detail.
• MS office skills (Outlook, Word, Excel, PowerPoint).

Benefits

Compensation: Franklin Templeton offers employees a competitive and valuable range of total rewards—monetary and non-monetary — designed to support their well-being and recognize their time, talents, and results. Along with base compensation, employees are eligible for an annual discretionary bonus, a 401(k) plan with a generous match, and recognition rewards. We also offer a comprehensive benefits package, which includes a range of competitive healthcare options, insurance, and disability benefits, employee stock investment program, learning resources, career development programs, reimbursement for certain education expenses, paid time off (vacation / holidays / sick / leave / parental & caregiving leave / bereavement / volunteering / floating holidays) and a motivational wellbeing program. We expect the base salary for this position to range between $250,000 - $275,000, depending on level of relevant experience, plus bonus.