The term trustor refers to an entity that creates and opens up a trust. A trustor may be an individual, a married couple, or even an organization. Trustors generally make contributions of property ...

For instance, while they sound extremely similar, trustor and trustee aren’t quite interchangeable. The trustor is the person who forms a trust, while the trustee is the one who manages the ...

A Trust is primarily a fiduciary relationship between a person called a Trustor or Settlor and a Trustee. The Trustor sets up a Trust, i.e., putting assets in a Trust or under the name of a Trustee.

The first party is the person who creates the trust, known as a trustor, grantor, settlor, or creator. The trustee is the second party to the agreement. The trustee has legal title to the property ...

Thomas Barwick / Getty Images An inter-vivos trust, or a living trust, enables a trustee to manage the trust's assets while the person who created the trust (the trustor) is still alive.

Generally, after the trustor passes away, the trustee notifies the trust’s beneficiaries, enacts the trust’s conditions and ...

Find a financial advisor today. The certificate of trust’s primary job is to attest that the trustor actually has control of the assets being placed in the trust. The certificate of trust is a ...

A living trust can be modified while the trustor is still living. Using a living trust helps people avoid the probate process. A will may be the better option for people with simple estates.

A trust is the legal relationship between one person having an equitable ownership of property (trustor) and another person owning the legal title to such property (trustee). The trustor is ...