Definition of Grantor trust:
Trust created by a trust agreement and not by a will.
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?
- The grantor trust clearly divided up the property and assets and there was nothing the plaintiff could do about it.
- If someone leaves something behind for you then you will probably receive it in the way of a grantor trust .
- 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