What is the Estate And Trust Officer’s role?

Individuals who chose a professional career in a trust officer role are responsible for managing a portfolio of estates and trusts, guardianships, and powers of attorney and providing clients and beneficiaries with professional administration services. Estate, trust, POA, and agency client needs may include will or governing documentation interpretation, for the purposes of administration of their accounts. Trust officers are responsible for all the administrative needs of their portfolio of accounts. The application of technical knowledge and discretionary decision-making is also a key component of this role.

Officers deal with specialized personal assets, real estate and manage relationships with the estate, trust, and POA clients, beneficiaries, and also co-trustees/POA.

This is a professional career that will progress in level of responsibility and increased complexity as experience is gained. Salary will generally increase with the level of responsibility.

What are the responsibilities of this role?

  • Identification and collection of assets
  • Coordinating the probate application
  • Ensuring the appropriate terminal tax returns are prepared
  • Ensuring assets are distributed in accordance with the will
  • Overseeing the work of estate administrators
  • Managing a network of other specialists such as lawyers, accountants, real estate professionals and business and asset valuators that they use, in their day administration
  • In addition, officers may also be required to act as an officer or director of a privately held company that is part of an estate

What are the alternate names for this role?

Assistant Trust Officer, Trust Officer, Senior Trust Officer, Executive Trust Officer

What is the earning potential for this role?

Avg Salaries from Canadian job sites

What are the required & recommended credentials and courses?

Below are the courses and credentials required and/or recommended for this career.

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