What is a grantor?

A grantor is a person who sets up a trust or estate in California, usually with the help of an attorney. The grantor typically makes the decisions about who will be the beneficiaries of the trust or estate, how the assets should be handled, and how the estate should be distributed. The grantor puts in motion the terms of the trust or estate according to the grantor’s wishes. It’s important to remember that in California, the grantor is not always the trustee. The trustee is the person who is responsible for managing the trust and carrying out the wishes of the grantor. The grantor may have the same person serve as both the grantor and the trustee. This is known as a self-settled trust. In California, trust and estates law can be complicated. It is important to have a knowledgeable attorney helping you through the process to ensure your wishes are properly followed. The grantor should have a clear understanding of the trust or estate they are setting up and the responsibilities of the trustee in order for the trust or estate to run smoothly.

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