What does grantor mean?

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 c : one (as an organization) that provides aid in the form of grants (as for education)

What is a grantor trust?

The assets in the trust are supplied by the grantor. The associated property and funds are transitioned into the ownership of the trust. The grantor may function as the trustee, allowing for the management of the property contained therein, but this is not required. If the grantor is the trustee, the trust is referred to as a grantor trust.

Who are grantors and grantees?

Our examination sets aside grantors and grantees which were institutions, corporations, male-female combinations or of unknown gender. The grantor of a property transaction was the person who sold the property while the grantor of a credit transaction was the person borrowing the credit.

Who is a grantor in a property deed?

A grantor is a person who grants, conveys, or sells an asset to another person. All property deeds should include the grantor's and grantee's identities, as well as a full legal description of the property being passed. A deed may be modified by either the grantor or the grantee.