Posts Tagged: grantor

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(Legal) Word of the Day: Property

Three Parties I’ve previously written about the three parties necessary for every trust: (1) the settlor (sometimes called the donor or grantor); (2) the trustee; and (3) the beneficiary. Two Other Elements Besides three parties, at least two other elements are necessary for a valid trust. The trust instrument is the document that sets forth… Read more »

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Three Parties to a Trust & the Doctrine of Merger

A trust really isn’t as complicated as it first may seem. After all, there are only three parties to a trust. A Settlor, Trustee, & Beneficiary A trust is created when a property owner transfers the property to a person with the intent that the recipient holds the property for the benefit of someone else…. Read more »

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(Legal) Word of the Day: Settlor (AKA Donor or Grantor)

Settlor (or Donor or Grantor) The person who creates a trust is called the settlor (sometimes called the donor or grantor). It is the settlor’s intent which is of paramount importance. It is the intent of the settlor that determines whether a trust has been created. Here’s a great read with a rundown on the… Read more »