trustor (redirected from settlor)

Trustor

An individual or organization that gifts funds or assets to others by transferring fiduciary duty to a third party trustee that will maintain the assets for the benefit of the beneficiaries.

Notes:

Also referred to as a grantor, the trustor is the party that generally donates or gifts assets to others.

See also: Beneficiary, Blind Trust, Exemption Trust, Irrevocable Trust, Trustee, Unit Investment Trust, Unit Trust

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trustor

The person or organization that creates a trust.