Trustor

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.

BREAKING DOWN 'Trustor'

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

RELATED TERMS
  1. Trust

    A fiduciary relationship in which one party, known as a trustor, ...
  2. Gift In Trust

    An indirect bequest of assets to a beneficiary by means of a ...
  3. Gift

    Property, money or assets that one person transfers to another ...
  4. Gift Inter Vivos

    A gift given during the life of the grantor. Following a gift ...
  5. Annual Exclusion

    The amount of money that may be transferred by gift from one ...
  6. Third Party Beneficiary

    A person who will benefit from a contract made between two other ...
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RELATED FAQS
  1. Can I give stock as a gift?

    Stocks, bonds or any other securities can be transferred as gifts. Giving the gift of stock also has benefits for the giver. ... Read Answer >>
  2. What is fiduciary liability insurance, and what are its benefits?

    Understand what fiduciary liability insurance is, what companies or individuals can benefit from having it, and when it is ... Read Answer >>
  3. My company is the trustee of our 401k plan (which has 112 participants). What are ...

    The answer may vary depending on the plan provider and the provisions of the plan document. For questions relating to a specific ... Read Answer >>
  4. What are the keys to setting up a trust fund?

    Setting up a trust to secure your assets for a beneficiary allows you to set the terms under which the beneficiaries are ... Read Answer >>
  5. What is a fiduciary deed and when is it useful?

    Understand what a fiduciary deed is and under what circumstances it should be used. Learn about the principles behind its ... Read Answer >>
  6. What does U.S. law say about contingent beneficiaries?

    Learn about regulations the United States has on the naming of contingent beneficiaries, the types of contingencies that ... Read Answer >>
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