grantor trust

  

Definitions (2)

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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