What is a grantor?

A grantor is a person who creates a trust. In Texas, a grantor is the person who sets up the trust and transfers legal title of their assets to the trust. The grantor also designates a trustee to manage the assets and to manage the distribution of the assets per the trust document’s instructions. It is important that the grantor is aware of his/her responsibilities when setting up the trust. The grantor should be aware of the fiduciary duties of the trustee, and must make sure that the trustee meets all legal requirements in handling the trust assets. The grantor is responsible for making sure that the trust meets the requirements of state and federal law. The grantor also plays an important role in the administration of the trust, such as appointing beneficiaries or making changes to the trust. The grantor is not a part of the trust after the trust document is finalized. However, the grantor should continue to monitor the trust to make sure that it is being managed properly.

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