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Definition
Entity that establishes a trust and place property under the protection and management of one or more trustees for the immediate or eventual benefit of ascertainable one or more beneficiaries. It is not always necessary to identify the trustor who may be also be a trustee and/or one of the beneficiaries. In legal parlance, a trustor is called a settlor in the UK and a grantor in the US, whereas in common usage he or she may also be called a creator, donor, initiator, owner, or Trust maker.
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trustor is in the Corporate, Commercial, & General Law subject.
trustor appears in the definitions of the following terms:
revisionary trust,
doctrine of approximation,
offshore trust,
illusory trust,
termination of trust,
deed of trust,
Clifford trust,
letter of wishes,
living trust
and
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