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What is another name for a grantor?

While in real estate, the term Grantor is used to signify a property seller, when were talking about Estate Planning, the grantor definition is the entity creating a Trust. The name Grantor can be used interchangeably with other terms such as a Settlor, Trustor, Trust Creator or simply, Creator.

What does grantor mean?

: one that makes a grant: as. a. : one that conveys property or a right in property by deed. b. : a person who creates a trust : settlor.

What is the difference between trustee and grantor?

A grantor primarily seeks to manage how their assets are distributed, either during their lifetime or after they pass away. In contrast, the trustee is tasked with managing the trusts assets according to its terms for the benefit of the beneficiaries.

Are grantor and owner the same?

In real estate, the grantor is the person who transfers property ownership, while the grantee is the one who receives it. The definition of grantor and grantee is important because these roles appear in legal documents like deeds, which outline each partys rights and responsibilities.

Is grantor the same as owner?

Is the grantor the same as the owner? Yes, the grantor is the original owner of the property or asset who transfers ownership to a beneficiary, or recipient. However, on a mortgage, the grantor is the borrower who grants ownership of their property as collateral for a loan.