Trust Officer: A description for the trust officer job

Jobs In Medicine And Health » Managers And Officials Nec » Finance Insurance And Real Estate Managers And Officials » Trust Officer

Trust Officer: Trust administrator Directs and coordinates activities relative to creating and administering personal, corporate, probate, and court-ordered guardianship trusts in accordance with terms creating trust, will, or court order: Directs drafting of, drafts, or consults with client’s attorney who drafts, legal documents specifying details, conditions, and duration of trust. Locates and places funds, securities, and other assets in trust account. Interviews trust beneficiaries of court-ordered guardianship trusts in order to locate probable sources of assets. Negotiates with public agencies, for example Social Security Administration and Worker’s Compensation Commission, in effort to accumulate all assets into trust. Directs collection of earnings, dividends, or sale of assets and placement of proceeds in trust account. Directs realization of assets, liquidation of liabilities, and payment of debts for trusts. Directs disbursement of funds according to conditions of trust or needs of court ward or beneficiary. Ensures that excess or surplus funds are invested according to terms of trust and wishes of trust client. May also specialize in promoting trust services and establishing new trust accounts. May also prepare federal and state tax returns for trusts. May also be designated according to type of trust as Corporate Trust Officer (financial industry), Personal Trust Officer (financial industry).

Job industry: financial industry

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