Trust Administration

Trust administration is the process of managing and distributing assets held in a trust. It involves making sure that the trust's assets are properly managed, invested, and distributed according to the terms of the trust agreement. Trust administrators must also ensure that all taxes, fees, and other obligations related to the trust are taken care of. The goal of trust administration is to ensure that the wishes of the grantor (the person who created the trust) are carried out as intended. This may involve managing investments, paying bills or taxes associated with the trust, filing necessary legal documents, and distributing assets according to instructions provided by the grantor. Trust administrators must be knowledgeable about applicable laws and regulations governing trusts in their jurisdiction in order to properly carry out their duties.