grantor trust

Definitions (2)
Popular Terms
1. Trust created by a trust agreement and not by a will.
2. Trust in which the trustor retains control over the trust property to the extent that he or she is taxed on that property's income.

Use 'grantor trust' in a Sentence

The grantor trust clearly divided up the property and assets and there was nothing the plaintiff could do about it.
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If someone leaves something behind for you then you will probably receive it in the way of a grantor trust.
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He had control over the property because he had created a grantor trust, which was really good for him to do.
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