When families or organizations (such as charities) are in possession of large amounts of money, one option to protect those assets is to establish a trust through a financial institution. The institution is charged with investing and disbursing money in the trust as instructed by the original signatories. The person who oversees this activity is a trust administrator.
Trust Administrator Tasks
Process and review legal and financial paperwork associated with trust fund accounts.
Provide customer service to clients, resolve client problems, and report the status of accounts.
Manage and set up the accounts associated with trust funds.
Ensure trust fund accounts comply with bank and government regulations.