How much does a Trust Officer I make in the United States? The average Trust Officer I salary in the United States is $63,476 as of November 23, 2022, but the range typically falls between $53,187 and $70,347. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Trust Officer I assists in the administration of a trust account portfolio or administers a small portfolio of simple accounts and develops business relationships with clients. Facilitates internal service coordination to resolve issues and respond to client requests. Being a Trust Officer I provides consultation on financial and wealth management matters. Typically requires a Bachelor's degree. Additionally, Trust Officer I typically reports to a manager or head of a unit/department. The Trust Officer I works on projects/matters of limited complexity in a support role. Work is closely managed. To be a Trust Officer I typically requires 0-2 years of related experience. (Copyright 2022 Salary.com)... View full job description
LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending. LTC holds more than 200 investments in 28 states with 29 operating... More
LTC PROPERTIES INC
Fiscal Year Ended in 2021
What does a Trust Officer I do?
Trust Officer I in Salt Lake City, UT
Heroy said that InvesTrust's client-centered philosophy is key to building the trust and communication needed for effective trust administration.
December 25, 2019
Trust Officer I in Albany, NY
Recently, some states have amended their trust laws, and one important change has been the lengthening of the permissible life of a private trust to 360 years or more. Some have eliminated the restriction. Kansas is a state that has not removed the “rule against perpetuity.”.
January 27, 2020
Trust Officer I in New Orleans, LA
The other aspect is taxation. There is a federal tax on major gifts, large estates, and “generation-skipping” transfers (GSTs) associated with trusts. There is an exemption from the GST tax, and it matches the federal estate tax-exempt amount. It is theoretically possible to put assets into a dynasty trust, sheltered by these exemptions, and have those assets provide family financial protection for generations without further transfer taxes. Income taxes still would apply.
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These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Trust Officer I in the United States. The base salary for Trust Officer I ranges from $53,187 to $70,347 with the average base salary of $63,476. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $56,825 to $75,072 with the average total cash compensation of $66,538.