Grantor

The term grantor has two different definitions, depending upon how it's used.

In the context of a real estate transaction, a grantor is the person or entity that owns a property being transferred to or purchased by a Grantee.

After a death, real estate owned by the deceased's Estate, the grantor, initiates the transfer of ownership by executing a legal document, typically a Deed, that transfers the property to the grantee.

In the context of a Trust, the term grantor refers to a person or entity who creates the trust and transfers Assets into it. This person is also known as a Trustor.

The grantor determines the terms of the trust, including how assets will be managed, which beneficiaries are named as recipients, and when and under what circumstances they will be distributed.

Also known as a Settlor.