Legal Definition
A trust grantor is the individual or entity that establishes, creates, or funds a trust, thereby transferring assets to the trust for the benefit of the trust's trustee. This term signifies the original party who initiates the legal structure and dictates the initial terms under which the trust operates.
Plain-English Translation
Imagine someone who starts a 'trust'—a legal container that holds assets. The 'trust grantor' is the person who sets up the rules for this container, deciding who gets what and when.