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. Irrevocable Trust

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

    A trust in which the executors have full discretion over the ...
  5. Exemption Trust

    A trust whose purpose is to drastically reduce or eliminate federal ...
  6. Beneficiary

    Anybody who gains an advantage and/or profits from something. ...
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  1. Can I put my IRA in a trust?

    You cannot put your IRA in a trust while you are living. You can, however, name a trust as the beneficiary of your IRA and ... Read Full Answer >>
  2. How does the trust maker transfer funds into a revocable trust?

    Once a revocable trust is created, a trust maker transfers funds or property into the trust by including them in a list with ... Read Full Answer >>
  3. What is the difference between a revocable trust and a living trust?

    A revocable trust and living trust are separate terms that describe the same thing: a trust in which the terms can be changed ... Read Full Answer >>
  4. How exactly does one go about revoking a revocable trust?

    The basic steps involved in revoking a revocable trust are fairly simple, and include transfer of assets and an official ... Read Full Answer >>
  5. What is the difference between a revocable trust and an irrevocable trust?

    An irrevocable trust and a revocable trust are differentiated through the ability to change the trust. With an irrevocable ... Read Full Answer >>
  6. What is a family Limited Liability Company (LLC)?

    A family limited liability company (LLC) is formed by family members to conduct business in a state that permits such form ... Read Full Answer >>

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