The person setting up a trust is called the __________.

Question

The person setting up a trust is called the __________. ​

Quizplus · Accepted Answer

The grantor is the person who creates the trust and transfers assets into the trust. They also specify the terms and conditions of the trust. The trustee manages and administers the trust for the benefit of the beneficiaries. The attorney may assist in setting up the trust, but they are not the main person responsible for it. The beneficiary is the person receiving the benefits from the trust.

The Person Setting Up a Trust Is Called the __________