The person who creates the living trust.
A trust generally involves three persons in its creation and administration: (A) a settlor or grantor who creates the trust; (B) a trustee who administers and manages the trust and its assets; and (C) a beneficiary who receives the benefit of the administered property in the trust. The Grantor of a Trust. The Grantor in a Trust is the person with the bucks. In other words, the Grantor of a Trust contract is the owner of the asset(s) which could be any asset from personal residential real estate to stock accounts to business or partnership assets and anything else of monetary value. Grantor trusts (also called Revocable Trusts or Living Trusts) are less familiar to many of us. In grantor trusts, the same person funds the trust and is beneficiary of the trust (usually receiving all income and retaining full power over the assets). The grantor is the person who creates the trust, and the beneficiaries are the persons identified in the trust to receive the assets. The person placing the property into the trust is known as the grantor of the trust. The person that oversees the property in the box is the trustee. Finally, the person who receives the benefit of the property held in the box is known as the beneficiary. A typical deed has a grantor and grantee. The grantor is the owner, or seller, of the real estate. The grantee is the person, or buyer, receiving the deed. After a deed is recorded, the grantee owns the property. A deed of trust has three parties known as the grantor, trustee and lender, or beneficiary. All trusts have a grantor, the person who creates the trust. All trusts also involve trustees, beneficiaries, and remaindermen. The relationship of the grantor to the other individuals involved in the trust determines whether a trust is a grantor trust or a non-grantor trust. grantor. The person who creates the living trust. He or she decides what property to include and who the beneficiaries will be. Because the trust is revocable (i.e., can be changed or terminated) until the grantor dies, the grantor can change any part of the trust as often as he or she likes. The grantor is sometimes also called the trustor or the settlor.
https://en.wikipedia.org/wiki/United_States_trust_law http://www.ultratrust.com/grantor-trust.html http://www.justice-law.com/Articles/grantor-trusts/ http://www.investopedia.com/terms/g/grantor.asp http://www.helsell.com/faq/irrevocable-trusts/ http://everydaylife.globalpost.com/grantee-under-deed-trust-10205.html http://www.dummies.com/how-to/content/what-are-grantor-trusts-and-nongrantor-trusts.html https://www.legalzoom.com/knowledge/living-trust/glossary/living-trust-grantor
who is the grantor of trust