Estate Planning Director Job Description

November 26, 20110 Comments

Estate Planning Director Job Profile and Description

The estate planning director is the one who has to plan about the assets of their clients after their death how they got disturbed. Te director are generally employed in the Insurance companies, the Estate Planning Director heads a team of estate planners/managers. The assets may include real estate properties, jewelry, cars, cash, marketable securities and other properties belonging to the deceased. The main objective is to eliminate uncertainties in the administration of any last. It is required to oversee and review that an equitable disposition of assets to bereaved family members. The duty includes ensuring that they are at their maximum values while reducing taxes and other expenses.

Duties and Responsibilities

There are the following duties and responsibilities of an estate planning director which have to be fulfilled:

  • The estate planning director has the prime responsibility to work as an administrator of the client’s last will and testament.
  • He or she needs to test the designated beneficiaries for the equitable disposition of assets and liabilities of the deceased.
  • It is the responsibility to administer the trust fund left for disposition.
  • It will be also required to work as a consultant to create a living will, define beneficiaries, powers of appointment, medical and durable financial powers of attorney.
  • The director has the duty to work for minimizing the tax liabilities of their surviving relatives in the event of death so needs to provide investment opportunities on client asset.
  • It will be needed to work as an administrator of the qualified personal residence trusts and the balance of pension trust funds as well.
  • He or she has the responsibility to appear in court mediation proceedings.
  • It will be also needed to settle the inheritance disputes if required in some cases.

Skills and Specifications

The required skills and specifications are as follows:

  • The person needs to have a firm grasp on local and federal tax and inheritance tax laws.
  • The person needs to have very strong organizational skills to do the effective organization.
  • The person needs to have the team working skills with the interpersonal skills to establish and maintain the effective working relationships.
  • He or she needs to be excellent supervisor and should have the managerial competence as will be needed to handle a team of estate planers and managers in a department.
  • He or she should have the excellent verbal and written communication skills to do the job.
  • He or she should have the excellent problem solving and time management skills to do the job.
  • The person should have the exceptional people management skills to do the job.

Education and Qualifications

  • The basic degree required to do the job is a college degree in accounting field is leading to a CPA accreditation is a must while a post-graduate MBA course is an advantage.
  • The person needs to have the past 2-3 year of working experience in a management capacity in an insurance company.
  • The person must have the required computer knowledge and literacy with spreadsheets and word processing.

He or she should be very familiar with automated accounting systems or ERP such as SAP/financials

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