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Assistant General Counsel - Trust Attorney

Company: Northwestern Mutual
Location: Milwaukee
Posted on: January 16, 2022

Job Description:

Assistant General Counsel - Trust Attorney At Northwestern Mutual, we are strong, innovative and growing. We invest in our people. We care and make a positive difference. The Northwestern Mutual Law Department is seeking an experienced and agile trust attorney with expertise in estate planning, including wills, trusts, trust administration, tax, beneficiary designations, and who is interested in joining a diverse, challenging, and fast-paced practice advising the Company on a wide range of issues as the Company works to transform how clients experience financial security. What's The Role: This attorney will be a member of the Department's Insurance Products & Operations Team and will advise the Company's trust entity regarding trust administration and other areas of the Company with respect to general estate planning matters. There may be future opportunities in other tax areas. Specifically, this attorney will:

  • Provide legal and tax advice and counsel to the trust entity regarding irrevocable life insurance trust administration, including distributions, interpretation of trust and other legal documents, administration of special assets, and tax (estate, gift, income) as it relates to irrevocable life insurance trusts.
  • Review and assess trusts for acceptance; prepare legal documents for outgoing trusts.
  • Assist the trust entity in developing processes and procedures to comply with fiduciary standards.
  • Provide legal and tax advice and counsel to other business areas of the Company regarding various aspects of estate planning, including the effect of beneficiary designations in various contexts, a fiduciary's powers, passage of assets and documentation to effect the passage of assets, and tax implications. Bring Your Best! What this role needs:
    • Candidates must have at least five years of legal experience relating to estate planning, particularly the drafting and administration of trusts. Additionally, the candidate must have at least five years of legal experience in estate, gift, and income taxation of trusts.
    • Candidates must be able to analyze a variety of legal issues, synthesize complex information, research effectively, and provide solution-oriented legal advice to business professionals throughout the Company.
    • Candidates must have an exemplary academic record and a Juris Doctorate degree. A license to practice law in the State of Wisconsin or a commitment to become licensed within the first year of employment is -required. Desired personal attributes:
      • The scope of this role may change over time to respond to business needs. The successful candidate will be flexible and adaptable in terms of general skill sets and aspirations.
      • Excellent interpersonal and communication skills, a highly analytical and curious mind, creativity, comfort dealing with ambiguity, integrity, high ethical standards, and a positive demeanor, both with the Company's business areas, Wealth Management Advisors, and Law Department attorneys.
      • Demonstrated ability to collaborate and contribute effectively in a team environment and to manage a multi-jurisdictional practice.
      • Ability to work autonomously and to effectively prioritize multiple tasks at the same time.
      • A keen problem-solving approach using sound legal reasoning and practical business judgment to identify and address risks and achieve results that balance benefits for all stakeholders of the Company. - Information About Northwestern Mutual and the Law Department: Of the Northwestern Mutual Law Department's approximately 110 people, roughly 70 are lawyers, having come to Northwestern Mutual from all around the country after having graduated from a multitude -of law schools and undergraduate institutions and having practiced in a wide variety of settings. The balance of the Department consists of highly-skilled paralegals and research and administrative professionals who support significant aspects of the Department's operations. Our Law Department (in every aspect of its operation, including the Law Department Leadership Team, the Department's practicing lawyers, and the -Department's professional administrative staff) is inclusive and diverse, comprising a rich mixture of men and women who come from a wide variety of ethnic and religious backgrounds and includes people of color and those who are openly gay or lesbian. The Northwestern Mutual Law Department provides the vast majority of legal services in nearly all disciplines directly to the Company, with only select utilization of outside counsel. There are nine main practice teams within the Law Department: Insurance Products and Operations; Digital Products and Operations; Investment Products and Advisory Services; Corporate; Distribution; Litigation; Enterprise Governance; Private Securities Investments; and Real -Estate Investments. Lawyers have the opportunity to develop a thorough understanding of the Company's business needs and are fully engaged in the execution of the Company's business strategy. This allows members of the Law Department to provide the most timely and effective counsel in an efficient manner and leads to greater career satisfaction for our attorneys, paralegals, and professional administrative staff. #IN-POST #LI-POST This job is not covered by the existing Collective Bargaining Agreement. This job is not covered by the existing Collective Bargaining Agreement. Required Certifications: Grow your career with a best-in-class company that puts our client's interests at the center of all we do. Get started now! - We are an equal opportunity/affirmative action employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender identity or expression, sexual orientation, national origin, disability, age or status as a protected veteran, or any other characteristic protected by law. Posted 2 Days Ago Full time JR-26128 About Us At Northwestern Mutual, we believe relationships are built on trust. That our lives and our work matter. These beliefs launched our company over 160 years ago. Today, they're just a few of the reasons why people choose to build careers at Northwestern Mutual. What started in Milwaukee, WI has grown into 7,000+ home office professionals split across 3 campuses: New York City, Franklin and downtown Milwaukee (HQ) - each one bringing with it its own unique talent and culture. In a company with such a long and storied history, this may be the most exciting and important time to be a part of Northwestern Mutual as we are growing our digital and tech capabilities and are always on the lookout for bright, tech-savvy candidates. Northwestern Mutual is proud to be an equal opportunity and affirmative action employer. We have chosen to build a diverse and inclusive workplace where talented people from all backgrounds want to be, want to stay, and want to build their future. We celebrate and support our differences for the benefit of our employees, our products, and our community. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender identity or expression, sexual orientation, national origin, disability, age or status as a protected veteran, or any other characteristic protected by law.

Keywords: Northwestern Mutual, Milwaukee , Assistant General Counsel - Trust Attorney, Legal , Milwaukee, Wisconsin

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