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Who Is A Grantor Of A Trust?

Grantor Of Trust
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Keith Youngren, CPA
The grantor (also known as trustor, settlor, or creator) is the creator of the trust relationship and is generally the owner of the assets initially contributed to the trust. The grantor generally establishes in the trust instrument the terms and provisions of the trust relationship between the grantor, the trustee, and the beneficiary. These will usually include the following:
• The rights, duties, and powers of the trustee;
• Distribution provisions;
• Ability of the grantor to amend, modify, revoke, or terminate the trust agreement;
• The designation and selection of a trustee or successor trustees; and
• The designation of the state under which the terms and provisions of the trust agreement are to be governed.

If you would like more information on trusts or setting up one, please contact Keith Youngren at www.taxconnections.com/Keith-Youngren-CPA/12274983/United-States/Texas/Austin/profilepage
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