According to the IRS,a grantor trust is one in which the grantor, i.e. the person establishing the trust, retains control over trust’s income and assets. The Grantor in a Trust is the person with the bucks. In other words, the Grantor of a Trust contract is the owner of the asset(s) which could be any asset from personal residential real estate to stock accounts to business or partnership assets and anything else of monetary value.

Managed by. Peter Agardh. Peter Agardh was born in Lund, Sweden in 1967. He gained a bachelors degree from Lund Verify if the word RANTOR is allowed in Scrabble and check how many points it will give you.

Grantor example. The type of deed a grantor conveys varies from one state to another.

Learn more. The noun “grantor” has the specific meaning of a person (or entity) that grants, bestows, or awards something. As a legal term, the word grantor is commonly used in relation to an individual who creates a trust, and conveys ownership of certain assets to the trust, and in the creation of certain legal documents, such as a Grant Deed. About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features Press Copyright Contact us Creators 2020-03-14 Grantor. An individual who conveys or transfers ownership of property.

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The person who creates a trust. The grantor places assets in the trust on behalf of a beneficiary and allows the trustee to administer them for a certain period of time. Farlex Financial Dictionary.
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