Series 22: 1.1.7. Grantor Trusts

1.1.7.  Grantor Trusts

A trust is a legal entity in which one party (the trustor) gives another party (the trustee) the right to manage the trustor’s property or assets for the future benefit of a third party (the beneficiary). Most trusts are private trusts. Private trusts are often used to manage an individual’s assets. The individual may be a minor or a person otherwise incapable of managing his own affairs. They also may also