what is the definition for the word grantor grantor
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- Define grantor. grantor synonyms, grantor pronunciation, grantor translation, English dictionary definition of grantor. n. Law One that makes a grant. n law a person who makes a grant n. a person or organization that makes a grant. Noun 1. grantor - a person who makes a grant...
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Grantor vs Settlor - What's the difference? Grantor is a synonym of settlor. As nouns the difference between grantor and settlor. is that grantor is (label) a person who grants something while settlor is (legal) a person who settles property on express trust for the benefit of beneficiaries. grantor.
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Grant (money) Grant (money) Grants are non-repayable funds or products disbursed or gifted by one party (grant makers), often a government department, corporation, foundation or trust, to a recipient, often (but not always) a nonprofit entity, educational institution, business or an individual.
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How to Recognize a Grantor/Grantee on a Legal Document First, it's important to review the legal definition of grantor and grantee.. In a real estate transaction, the grantor is the party that conveys the property in question. The grantor may be an individual, business entity or partnership. The grantee is the party that receives the property.
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Living Trust Glossary 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.
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"Definition of the the Terms ""Grantor"" and ""Grantee"" in the Ownership of Property" A grantor is a person or legal entity, such as a business, transferring property ownership to another person or entity on a deed. The grantor is usually the current property owner. However, a grantor on a deed may be anyone who has some sort of ownership interest in a property she wants to give to someone else. For example, John and Mary each has a 50 percent interest in a house. Mary wants to give her 50 percent interest to Sue.
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What are the 'Grantor Trust Rules' Grantor Trust Rules. What are the 'Grantor Trust Rules'. The grantor trust rules are guidelines that state a trust is considered to be a grantor trust if the grantor has a reversionary interest greater than 5% of the trust assets (at the time the transfer of assets to the trust is made).
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Estate Planner Articles One type of grantor trust that is useful in estate planning is a grantor trust. This trust allows the grantor (the individual who establishes the trust) to have control over the trust assets and receive income that is created from the trust.The grantor trust is often called a living trust or a revocable trust.To fully comprehend the grantor trust, it is pertinent have an understanding of how the trust is established and what sets it apart from other types of trusts.ne type of grantor trust that is useful in estate planning is a grantor trust. This trust allows the grantor (the individual who establishes the trust) to have control over the trust assets and receive income that is created from the trust.
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Grant deed The grantor of a grant deed makes two guarantees to the grantee: 1) The grantor/seller guarantees that the property has not been sold to anyone else, and 2) That the house is not under any liens or restrictions that have not already been disclosed to the buyer/grantee.
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your information processing specialist Being able to differentiate between a grantor and grantee is imperative, especially if you are going to enter into any property ownership, judgment or transfer of property. In essence, a grantor will “give” something and a grantee will “receive” something.
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grantee Grantee. An individual to whom a transfer or conveyance of property is made. In a case involving the sale of land, the buyer is commonly known as the grantee.
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Grantor Trust-What is it? As in any contract, someone must initiate the contract (Grantor or Trustee). So the Grantor Trust is simply someone who has initiated the Trust. Read below for what is a Non-Grantor Trust. The contract (trust agreement) must specify the who, what, where, when, why, and other conditions. Finally, the contract is for the benefit of someone or something.
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Grantor Trust-What is it? The concept of a trust was first used in Anglo Saxon times and is a contractual arrangement whereby property is transferred from one person (The Grantor) to another person or corporate body (The Trustee) to hold the property for the benefit of a specified list or class of persons (The Beneficiaries).
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grantnoun  [ C] uk â / É¡rÉËnt / us â/ É¡rÃ¦nt / grant definition, meaning, what is grant: an amount of money given especially by the government to a person or organization for a…. Learn more.
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Definitions &Translations Grants are non-repayable funds disbursed by one party, often a government department, corporation, foundation or trust, to a recipient, often a nonprofit entity, educational institution, business or an individual. In order to receive a grant, some form of Grant Writing often referred to as either a proposal or an application is usually required. Most grants are made to fund a specific project and require some level of compliance and reporting.
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What is a Grantee? Definition and Explaination The grantee is the buyer. When the grantee sells the property, the grantee becomes the grantor. Simply put, the grantee is the recipient. You can be a grantee even without receiving a property deed. For example, a land contract features both a grantor and a grantee. The grantor is the owner and the grantee is the buyer who is acquiring an equitable interest, but not bare legal interest, in a property.
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Definition of Grantor Home Buying. Grantor is a legal term used in property deeds. In real estate, the grantor is the seller of a property such as a house. In general, a grantor can convey, or give, his title to a grantee, the buyer. A grantor transfers title to a grantee through a legal instrument known as a deed.
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What is a Grantee? Definition and Explaination Grantee and grantor are terms used in legal instruments such as deeds conveying title. In real estate, the grantee is the buyer. Grantee and grantor are terms used in legal instruments such as deeds conveying title.
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trust Every trust has the following: • The person creating the trust, called a grantor, trustor, settlor, or maker. • The party the grantor names in the trust to care for and manage the trust property, called. a trustee.
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"The Meaning of ""Grantor"" and ""Grantee""" The Meaning of Grantor and Grantee. Grantor and Grantee are two terms that designate people who are involved in the sale of property. Find out about the meaning of Grantor and Grantee with the help of a real estate professional in this free video clip.
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- Princeton's WordNet(5.00 / 1 vote)Rate this definition: 1  grant(noun) any monetary aid. 2  grant, subsidization, subsidisation(noun) the act of providing a subsidy. 3  grant, assignment(noun) (law) a transfer of property by deed of conveyance.
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- Define grantee. grantee synonyms, grantee pronunciation, grantee translation, English dictionary definition of grantee. n. Law A person or organization that is given a grant. n law a person to whom a grant is made n. the receiver of a grant. Noun 1. grantee - a recipient of a... Grantee - definition of grantee by The Free Dictionary
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Definition of Grantor Grantor is a legal term used in property deeds. In real estate, the grantor is the seller of a property such as a house. In general, a grantor can convey, or give, his title to a grantee, the buyer. A grantor transfers title to a grantee through a legal instrument known as a deed.
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Grant Deed A grant deed is a legal document that is used to transfer (convey) rights in real property from one entity or person (the grantor) to another (the grantee). Select State First.
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What Is a Grant Deed in California? The person conveying title is the grantor, and the new owner is the grantee. The grant deed includes a significant title guarantee. Basically, the grantor under the grant deed guarantees to the grantee that the grantor has not transferred her title to anybody else first.
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Guidelines for Individual Executors & Trustees 1 Trustees, executors, and personal representatives are all fiduciaries. 2  Grantor - (Also called settlor or trustor) An individual who transfers property to a trustee to hold or own subject to the terms of the trust agreement setting forth your wishes.