Related Definitions
What is a Trustor?
An individual who creates a will to be followed upon their death, explaining their wishes for the distribution of their assets to relevant beneficiaries.
A term synonymous with the settlor or grantor, referring to the person who establishes a trust and contributes assets to it. The trustor determines the terms of the trust, names the beneficiaries, and appoints the trustee responsible for managing the trust. The trustor’s intentions guide the trust’s administration, and their decisions play a pivotal role in achieving the trust’s objectives, whether for estate planning, asset protection, or charitable purposes.
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Related Articles
Insights and advice on trust and probate estate litigation from our blog.
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Key Takeaways Introduction A successor trustee is the individual first in line to take over the administration of a trust when the initial trustee [...]
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