Who is known as the trustor in a trust arrangement?

Study for the 75 Hour Broker Pre Licensing Test. Study with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

In a trust arrangement, the individual conveying property to the trust is known as the trustor, also referred to as the grantor or settlor. This person is responsible for creating the trust and typically transfers assets or property into it, establishing the terms under which the trust will operate. The trustor essentially defines the purpose of the trust, identifies beneficiaries, and outlines how and when the assets should be distributed.

Understanding the role of the trustor is crucial in the context of trust law, as this role is foundational to the functioning of a trust. The trustor's intentions and instructions are what guide the trustee's actions and the benefits received by the beneficiaries.

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