Grantor
A grantor is an individual or entity that creates a trust or gives a gift, typically involving property or assets. The grantor transfers ownership rights to another party, known as the grantee, who receives the benefits of the property or assets. This process is often formalized through legal documents.
In the context of a trust, the grantor establishes the terms and conditions under which the trust operates. They may also designate a trustee to manage the trust on behalf of the beneficiaries. The grantor's intentions and instructions are crucial for the proper administration of the trust.