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The base salary for Fund Administrator ranges from $46,427 to $60,509 with the average base salary of $52,781. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $46,948 to $61,503 with the average total cash compensation of $53,894.
The qualifications you need to pursue a career as a trust administrator include a bachelor's degree in accounting, finance, or a similar field and several years of experience in investment banking, trust administration, financial planning, or estate planning.
Administering a living trust after your death is not cost-free. Even if probate is avoided, the successor trustee should usually seek help from a lawyer in making sure that your debts are paid, all of the necessary tax forms filed and the assets in your trust legally distributed to your beneficiaries.
A Trust Administrator manages a financial account on behalf of someone else.In addition, you pay taxes, make distributions, and provide asset information to beneficiaries on behalf of the trust.
Average Salary for a Trust OfficerTrust Officers in America make an average salary of $70,967 per year or $34 per hour. The top 10 percent makes over $130,000 per year, while the bottom 10 percent under $38,000 per year.
Most financial institutions require trust officers to have a bachelor's degree in business, accounting, or a related field. Senior level trust officers may be required to hold a master's degree in business administration.
Trust administration refers to the trustees' management of trust property according to the trust document's terms and for the benefit of the beneficiaries after the settlor's death.It is recommended to work with an attorney to help facilitate the process for the trustees throughout the process.
A Trust Administrator manages a financial account on behalf of someone else.In addition, you pay taxes, make distributions, and provide asset information to beneficiaries on behalf of the trust.