A person who transfers assets into a trust for the benefit of another. It’s important to be clear about which role this individual will have with regard to managing those funds; they can either act as grantor (someone granting you legal ownership) or co-trustee, in addition to holding other titles.
An Picture Example Of A Trustor
Who Are Trustors?
A trustor is an entity that creates and opens a trust. Trustors can be individuals, married couples, and organizations. Trustors work with trustees to safeguard and distribute their assets, including money and property. A trustee assumes the fiduciary duty from a trustor.For More information you can visit our guides: Probate Guides, Inheritance Guides, Inheriting Real Estate, Inheritance Funding Options« Back to Glossary Index