A Trust is a legal relationship between three parties, the:
- Grantor. The creator of the Trust, sometimes called the Trustor, Settlor, or trust maker;
- Trustee. The one who holds legal title to Trust property and agrees to follow the Grantor’s instructions; and
- Beneficiary. The ones for whom the Trust is created in the first place.
Most of the time, as our client you would begin as all three parties to the Trust.