Estates Administrator

McKinlay Law; City Of London; On-site; GBP 45,000 - 50,000; Full time

Job summary

A leading City law firm is seeking an experienced trust and estate administrator to assist their private client team. The role involves administering estates and preparing IHT returns, requiring a solid understanding of probate law. The ideal candidate will have experience in private banking or a law firm, and the salary is negotiable between £45k and £50k. Excellent training and progression opportunities are offered.

Benefits

Training and development opportunities

Career progression

Qualifications

• Experience in private banking or law firm dealing with private clients.
• Clear understanding of probate law and estate administration.

Responsibilities

• Prepare IHT returns with a good understanding of IHT allowances.
• Administer estates, gather information from financial institutions.
• Liaise with HMRC and HMCTS.

Skills

Understanding of IHT allowances

Estate administration

Knowledge of probate law

Job description

Job Description

A leading City law firm is seeking an experienced trust and estate administrator to assist the private client team. The role involves working alongside trust and estate planners, primarily assisting with administering estates.

Key responsibilities include:

• Preparing IHT returns (e.g., IHT 400) with a good understanding of IHT allowances, including the nil rate band and the transferable nil rate band.
• General estate administration, communicating with financial institutions and relevant parties to gather information and value date of death assets and liabilities.
• Settling income tax liabilities.
• Maintenance and preparation of estate accounts.
• Liaising with HMRC and HMCTS.
• Preparing Statements of Truth and dealing with the application to obtain a grant of probate.
• Regularly updating line manager to keep abreast of progress.
• Collecting in assets on receipt of the Grant of Probate, including sales of shares, properties, and other assets.

The ideal candidate will have experience in private banking, a wealth manager firm, or law firm dealing with private client work, specifically with a clear understanding and application of probate law and administration. Salary is negotiable dependent on experience but in the region of £45 - £50k.

This is a fantastic opportunity for a trust, probate, estate administrator to join a top firm dealing with a HNW/UHNW client base. The firm has a commitment to training and developing all staff, and there are excellent progression opportunities available.

Equal Employment Opportunity Statement: We are an equal opportunities employer and welcome applications from all qualified candidates.