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What does grantor vs grantee mean?

In real estate, a grantee is the recipient of the property, and the grantor is a person that transfers ownership rights of a property to another person. However, the specifics of their transaction may vary depending on the situation. The official documents they use, such as a deed, detail their obligations.

What is difference between grantor and grantee?

What Are Grantors And Grantees? There are two sides to a transaction. In real estate, a grantee is the recipient of the property, and the grantor is a person that transfers ownership rights of a property to another person.

What is the full meaning of grantor?

Legal Definition of grantor : 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 does a grantor mean in a trust?

A grantor is the person who creates and funds a trust. A trust is a legal arrangement used in estate planning to distribute property and money after the grantors death. Trusts can also be used to manage your assets during your lifetime.

What is difference between Grantor and trustee?

The grantor (also called the settlor, trustor, creator, or trustmaker) is the person who creates the trust. Married couples who set up one trust together are co-grantors of their trust. Only the grantor(s) can make changes to the trust. The trustee manages the assets that are in the trust.

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