Fill in the Blank QuestionFill in the blank question.A(n) is the creator or grantor of a trust.
Question
Fill in the Blank Question
A(n) _________ is the creator or grantor of a trust.
Solution
The blank can be filled with the term "trustor," "settlor," or "grantor."
In the context of trust law, a trustor is the person who creates the trust and transfers assets to it, thus establishing the terms under which the trust will operate. The terms "settlor" and "grantor" are also used interchangeably in many jurisdictions to refer to the individual who creates the trust.
Trusts are an important legal mechanism used in estate planning to manage assets on behalf of beneficiaries, ensuring that the assets are distributed according to the trustor's wishes after their death or in other specified circumstances.
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