The person who sets up a trust.
In probate, a grantor is an individual or other entity that establishes a trust (i.e., the person whose assets are placed in the trust), regardless of whether the grantor also serves as a trustee. The grantor is sometimes known as the settlor, trustmaker, or trustor.
Trusts are founded for a variety of purposes, and in many situations, they are created as distinct legal entities to safeguard the grantor’s (or originator’s) assets and the income generated by those assets, ensuring that they are distributed to the beneficiaries.
« Back to Glossary Index
