DEFINITION of '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.


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

  1. Third Party Beneficiary

    A person who will benefit from a contract made between two other ...
  2. Naked Trust

    A straightforward type of trust into which a trustor transfers ...
  3. Exemption Trust

    A trust whose purpose is to drastically reduce or eliminate federal ...
  4. Irrevocable Trust

    A trust that can't be modified or terminated without the permission ...
  5. Blind Trust

    A trust in which the executors have full discretion over the ...
  6. Beneficiary

    Anybody who gains an advantage and/or profits from something. ...
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  1. How much money does Texas make from unclaimed property each year?

    In 2014, the office of the Texas Comptroller of Public Accounts reported $234 million in unclaimed property claimant liabilities, ... Read Full Answer >>
  2. How much money does Michigan make from unclaimed property each year?

    According to the 2013-2014 Annual Report of the State Treasurer, the state of Michigan earned only $82,875 in abandoned and ... Read Full Answer >>
  3. Who decides if a financial security should be escheated?

    There is no one entity who "decides" to escheat assets. Rather, financial institutions are required to report inactive accounts ... Read Full Answer >>
  4. Will 529A plans replace special needs trusts?

    529 ABLE plans, also known as 529A plans, are state-sponsored accounts authorized by Congress that allow people with disabilities ... Read Full Answer >>
  5. What financial assets can be escheated?

    Any financial assets you hold at a bank or investment or brokerage firm can be escheated by the state government if your ... Read Full Answer >>
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