A trust administrator must understand the trust to know how to properly manage it, which requires understanding the trust language and the general aspects of this type of document.
Forbes explains that you should know the trustor is the person who created the trust, you are the trustee and the person who receives the assets in the trust is the beneficiary.
Study the provisions
To learn what duties you have, you need to read through the provisions and look for explanations about distributing the trust assets to see who distributes them, where they do so, how it happens and to whom they go. The provisions will also tell you if there are limits on the distribution and explains what you can and cannot do with the trust assets.
Since you act as the manager of the trust, you need to look at the provisions to discover the tax requirements and how you should handle them. The trust should also describe your bookkeeping responsibilities and give specifics on how to keep these records.
Ask for help
As you read through the provisions, if there is anything you do not understand with complete clarity, then you need to ask questions. If there is an attorney in charge of the trust, you can ask him or her. Otherwise, you may need to seek help from professionals, such as an accountant, who can best explain the provisions and your duties.
You must understand the trust completely to allow you to properly administer it, so if you have lingering questions or doubts, you may want to speak with the trustor about your concerns.