Trustor

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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.

INVESTOPEDIA EXPLAINS 'Trustor'

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

RELATED TERMS
  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. Blind Trust

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

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

    A trust that can't be modified or terminated without the permission ...
  6. Beneficiary

    Anybody who gains an advantage and/or profits from something. ...
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