Legal Counsel

Legal Counsel PositionThe Legal Counsel provides The Trust Company of Tennessee with guidance on estate, trust, and unique asset administration. This position is also responsible for providing the company with guidance on general corporate matters including employment, vendor relationships, or compliance.ResponsibilitiesShows a commitment to The Trust Company's Mission, Core Values, and Client Promise.Negotiates, drafts, and reviews documents for The Trust Company of Tennessee – including general contracts, third-party agreements, promissory notes, and vendor/supplier agreements.Negotiates, drafts, and reviews commercial real estate leases and purchasing agreements for TTC.Provides clients with explanations and visual representations to assist in the understanding of the administration of trust documents or wills.Actively participates in the client experience through organizational collaboration to ensure proper development and execution of trust and estate documents to meet the client's financial purpose.Navigates the estate administration process – including but not limited to securing assets, determining appropriate distribution schedule, providing progress updates, etc.Manages compliance issues regarding new trust onboarding, administration, and trust termination.Communicates with Relationship Managers to answer client and beneficiary questions regarding TTC accounts.Responsible for issues related to Unique Assets held in IRAs – including UBITA and prohibited transaction compliance.Evaluates potential new accounts and makes recommendations regarding discretionary powers TTC has as executor and/or trustee. Identifies liability issues associated with any acceptance of a fiduciary role.Assists RMs with estate, trust, and unique asset administration in accordance with trust instruments and client relations – including reviewing wills and trust agreements and determining fiduciary responsibilities.Provides guidance on policies and procedures relating to estate, trust, and unique asset administration with applicable regulations.Reviews policies and procedures to support the Compliance Officer.Maintains an in-depth understanding of applicable laws and regulations with regard to trust companies, trusts, estates, unique assets, and tax issues.All other projects and duties as assigned.QualificationsJuris Doctorate degree and member in good standing of Tennessee State BarMinimum of three years' experience as active legal counselComprehensive knowledge of trust and estate administrationAbility to read and comprehend complex legal documentsDetail-orientedAbility to work in a team environment but willing to work independentlyExcellent verbal and written communication skillsEffectively plans and organizes tasks.Excellent decision-making and problem-solving skills