Grantor
The person who creates a trust and transfers their property into it. Also called a trustor, settlor, or creator depending on the state. The grantor decides the terms of the trust.
Legal Definition
The person who establishes a trust by executing a trust instrument and transferring assets to the trustee. Also known as the settlor, trustor, or creator in various jurisdictions.
Practical Example
As the grantor of a revocable living trust, William transfers his home, brokerage accounts, and business interests into the trust. He sets the rules for how the trustee should manage and distribute the assets.