Definition of GRANTOR:
(noun) / the creator of a lifetime trust (SCPA § 103 [23])
Plain English Definition: In the context of trust law, a grantor is a person who creates a trust and transfers money or other property into the trust. In real estate law, a grantor is one who transfers or sells real property. A grantor is the giver of property, whereas the grantee is the receiver of property.
Example: Mark visited his attorney and instructed her to create a trust to protect his assets. Once the trust is created, Mark will sign as the grantor of his trust.
