Job Details
2024 Undergraduate Summer Intern - Job Posting
Department Title: Legal Intern - Fiduciary Trust (Delaware - 2nd or 3rd year law student)
Location: This position will be based in our Wilmington, Delaware office. This internship will be on a hybrid basis, and the candidate will be required to come into the office at least 3 days a week.
Position Summary:
The Legal Intern position is for a 2nd or 3rd year law student to assist Fiduciary Trust comply with the requirements of the Corporate Transparency Act.
This is a unique opportunity to get involved with the Corporate Transparency Act and its function at its introduction. Every trust owning an interest in an LLC/LP will need to be analyzed to determine if FTID as Trustee is a Beneficial Owner of the trust. Trusts owning an LLC/LP where FTID is the manager of the entity will need to report to FinCEN to comply with the statute.
Department Overview:
- The department is responsible for the Fiduciary management of all Delaware-sitused trusts.
- The team is both cohesive and collaborative.
- There are great opportunities for shared learning.
- The team frequently interacts with other markets in managing the administration of trusts.
By the end of your internship, an intern can expect to learn:- What is the Corporate Transparency Act and who does it apply to.
- How to review and analyze trust instruments for key provisions.
- How to review and analyze LLC/LP operating agreements for key provisions.
Key Responsibilities can Include:- Review and analyze key trust provisions and key LLC/LP agreement provisions.
- Create spreadsheets tracking FTID's Beneficial Owner information share requirements and any duties to file with FinCEN as a reporting company.
- Draft correspondence to communicate Beneficial Owner information.
Ideal Qualifications, Skills, & Experience:We'd like to see enthusiastic law students who are eager to learn and engage with a close-knit team of colleagues.
Ready to make moves? Apply today! When applying, please be sure to attach your resume. Applications without a resume file attachment will not be reviewed.
Due to the large volume of applications anticipated, we may not be able to personally contact every applicant. If you are interested in applying to more than one Franklin Templeton internship, please apply for other internships that pique your interest.
Compensation Range: This is a full-time internship where students will work approximately 35 hours per week and earn competitive hourly pay of $32 USD per hour. There are several factors taken into consideration in making compensation decisions including but not limited to location, job-related knowledge, skills, and experience. At Franklin Templeton, we apply a total reward philosophy where all aspects of compensation and benefits are taken into consideration in determining compensation.
What makes Franklin Templeton unique?We believe that being a good corporate citizen is good business. To us, corporate citizenship means being accountable, serving our clients, being an employer of choice, managing our environmental impact, and supporting our communities. An emphasis on corporate citizenship is embedded in our culture, and is an important element of how we achieve success.
We are also committed to your learning and development with resources focused around Experience, Exposure, and Education, to help you achieve your professional development goals.
Franklin Templeton is an Equal Opportunity Employer. We are committed to equal employment opportunity for all applicants and existing employees and we evaluate qualified applicants without regard to ancestry, age, color, disability, genetic information, gender, gender identity, or gender expression, marital status, medical condition, military or veteran status, national origin, race, religion, sex, sexual orientation, and any other basis protected by federal, state, or local law, ordinance, or regulation. We invite you to visit us at Franklin Templeton Careers to learn more about our company, career opportunities and recruitment process.
Franklin Templeton is committed to fostering a diverse and inclusive environment. If you believe that you need an accommodation to search for, or apply for, one of our positions please send an email to ...@FranklinTempleton.com . In your email, please include the accommodation you are requesting and the job title and job number you are applying for. It may take up to three business days to receive a response to your request. Please note that only requests for accommodations will receive a response.