Definition, Meaning & Synonyms

trustor

noun

/ˈtrʌstɔːr/

Definition

A trustor is an individual or entity that creates a trust, transferring property or assets into it for the benefit of a designated beneficiary.

Examples

The trustor established the trust to provide financial support for their children’s education.
As the trustor, she decided that the trust funds should be used for healthcare expenses.

Meaning

The trustor, also known as the grantor or settlor, is responsible for setting the terms of the trust and determining how the assets are managed and distributed.