Trustor (Noun)
Meaning
(law) a person who creates a trust by giving real or personal property in trust to a trustee for the benefit of a beneficiary; a person who gives such property is said to settle it on the trustee.
Classification
Nouns denoting people.
Examples
- The trustor had carefully planned the distribution of assets in the trust to ensure the well-being of the beneficiaries after their passing.
- As the trustor, she had the power to revoke the trust at any time should she decide to do so.
- According to the document, the trustor had placed the real estate property into the trust for the benefit of their children.
- The attorney helped the trustor set up a living trust to manage their assets during their lifetime and distribute them according to their wishes.
- Upon the trustor's death, the trustee took control of the trust assets and began making payments to the beneficiaries as specified in the agreement.