What does a Trust Administrator do?

Trust administrators take care of trust assets for the benefit of the designated and stated beneficiaries. They may be either an individual or an organization, including a bank or a specialist trust company. They assess a trust’s assets and value them, enabling a determination of the trust’s total worth, and deduct any relevant liabilities from the total worth, which includes all costs and expenses of the trust. They keep a transparent accounting of critical factors, including funds, taxes, paid, and all correspondence, which they make available to all beneficiaries in an on-demand basis.

Trust administrators file annual income tax returns and maintain the value of the trust and its assets. They record spending and costs while maintaining its worth over time, which requires them to track and audit any changes within trusts. They stay in communication with beneficiaries, provide them with detailed information about the state of the trust, and ensure they strive to follow the trust’s specific duties and safeguard it for the beneficiaries. Trust administrators need a bachelor's degree in banking, finance, economics, or related fields.

Education--
Work/Life Balance
3.4 ★
Total Pay--
Career Opportunity
3.4 ★
Avg. Experience2-4 years

How much does a Trust Administrator make?

Trust Administrator Career Path

Learn how to become a Trust Administrator, what skills and education you need to succeed, and what level of pay to expect at each step on your career path.

Average Years of Experience

0 - 1
6%
2 - 4
76%
5 - 7
1%
8+
17%
Not including years spent in education and/or training
See Career Path

Trust Administrator Insights

Read what Trust Administrator professionals have to say about their job experiences and view top companies for this career.
Nichols & Pratt
Trust Administrator
Feb 8, 2022

“Great people to work with and partners are nice.”

FISFIS
Trust Administrator II
Nov 21, 2021

“Work life balance is terrible and is understaffed.”

Virtus PartnersVirtus Partners
Trust Administrator
Feb 9, 2022

“Not much chance to progress in the carreer”

läpple groupläpple group
Trust Administrator
Dec 8, 2021

“nice people to work with”

RBCRBC
Trust Administrator
Mar 14, 2022

“Good work life balance”

CBRECBRE
CMMS Administrator
Dec 9, 2020

“Stress level way too high.”

VistraVistra
Corporate Trust Administrator
Dec 29, 2020

“Salaries not competitive.”

Zia Trust
Corporate Trust Administrator
Jan 18, 2022

“Great work to life balance.”

See More

Trust Administrator Interviews

Frequently asked questions about the roles and responsibilities of a Trust Administrator

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Trust Administrator Jobs