Grantor trust

Grantor trust,

Definition of Grantor trust:

  1. Trust created by a trust agreement and not by a will.

  2. Trust in which the trustor retains control over the trust property to the extent that he or she is taxed on that propertys income.

How to use Grantor trust in a sentence?

  1. The grantor trust clearly divided up the property and assets and there was nothing the plaintiff could do about it.
  2. If someone leaves something behind for you then you will probably receive it in the way of a grantor trust .
  3. He had control over the property because he had created a grantor trust , which was really good for him to do.

Meaning of Grantor trust & Grantor trust Definition