Can someone please define grantor vs trustee on a trust account and/or direct me to the place i can find this information. Thank you in advance!
Posted By: BrendaC
Re: Define Grantor vs Trustee - 07/20/11 09:53 PM
There are many places, investorwords.com or wikipedia are just two.
Posted By: Likes to Comply
Re: Define Grantor vs Trustee - 07/21/11 01:04 PM
I'm assuming then that there are no regs that define it?
Posted By: BrendaC
Re: Define Grantor vs Trustee - 07/21/11 01:28 PM
You can look at your state's trust statutes and Reg 9 if you are a national bank.
Posted By: John Burnett
Re: Define Grantor vs Trustee - 07/21/11 09:53 PM
The grantor creates the trust and funds it./
The trustee manages the trust and holds title on its behalf.
Grantor and trustee may be same individual, particularly on a grantor (intervivos revocable) trust