Definition of GRANTOR:
(noun) / the creator of a lifetime trust (SCPA § 103 )
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.
Do You Need The Help Of An Estate & Trust Litigation Attorney In The New York Metro Area?
If you need legal help with an estate issue you should speak with an experienced estate litigation attorney as soon as possible. Contact us online or call our New York City office directly at 212.227.2424 to schedule your free consultation. We proudly serve clients in Brooklyn, Manhattan, Queens, Staten Island, Nassau County, Westchester County and throughout New York as well as northern New Jersey.