Define Grantor vs Trustee

Posted By: Likes to Comply

Define Grantor vs Trustee - 07/20/11 09:51 PM

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