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Trustor

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Trustor
One who gives money and/or other assets to a trust. A trustor usually sets up a trust in order to provide for the financial future of a minor child or mentally incompetent person. A trustor may also set up a trust to benefit a charitable organization. It is important to note that the trustor does not hold or invest the assets once they are given to the trust, as that is the duty of the trustee. See also: Escrow, Charitable trust.
trustor
The person or organization that creates a trust.
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The relationship is as follows: you are the Trustor and the Law Firm is the Trustee, which holds assets for the Trustor.
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32) Thus, in contrast to pre-EGTRRA law, under the provisions of EGTRRA the trustor need not speculate on whether a GST exemption will be needed when the trust is formed.
Last-minute estate planning for 2009: focus on the GST by Hoffman, Michael J.R. / The Tax Adviser
the willingness of a party (trustor) to be vulnerable to the actions of another party (trustee) based on the expectation that the trustee will perform an action important to the trustor, regardless of the trustor?
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