A Trust Administrator is an extremely important person to have if you have a trust or planning to add a trust to your estate plan.
Trust Administrators are given the power to act on behalf of another person or entity to manage their trust. Trust Administrators have the obligation to take care of the beneficiaries of the trust.
Trust Administrators have the authority to manage the trust to ensure that all requirements are met and that the trust is maintained.
What are the duties of a trust administrator?
- Monitoring trust issues continuously and filing the trust’s income tax returns
- In the case of trusts with assets that are investments, trust administrators monitor the investments to ensure the performance benefits the trust
- Trust administrators must keep the beneficiaries informed at times to explain how the trust is being managed
- The trust administrator has the obligation to always protect the interests of the beneficiary and to prioritize the preservation of the beneficiary’ interests
At Serenity Trust, we make it our top priority to assist our clients with protecting their assets. Our experts have years of experience in administrating trusts.
We focus entirely on the satisfaction of our clients and the safeguarding of their trusts. If you are looking to adding a trust to your estate plan, contact us at Serenity Trust to ensure you get the service that you deserve.
Our dedicated team of specialists at Serenity Trust ensure that the beneficiaries of your trust are treated as you intended when setting up your trust, even when you are no longer here to ensure correct management of your trust. We also make sure that your trust is maintained, and your assets are always protected.
Contact us today at Serenity Trust to make sure that your future planning is in the hands of trustworthy specialists. Browse our website for more information on the services that we provide. We are here to make sure your wishes are carried out when you are no longer able to do so yourself.
