What is the term for the creator of a trust?

Prepare for the Delaware Wills and Trusts Test. Utilize flashcards and multiple-choice queries, with each question offering hints and clarifications to help you excel in your exam!

The term for the creator of a trust is "Trustor." The Trustor, also known as the Settlor or Grantor in some jurisdictions, is the individual or entity that establishes the trust by transferring assets into it and defining the terms under which the trust operates. This role is fundamental because the Trustor determines how the trust will be managed, who the beneficiaries will be, and the conditions under which they will receive benefits from the trust.

In contrast, the Trustee is responsible for managing the trust's assets in accordance with the Trustor's wishes and the trust document. The Beneficiary is the person or entity that benefits from the trust's assets. A Trust Protector is a person given specific powers to oversee or adjust the trust provisions or the Trustee’s actions, typically appointed to ensure interests are protected or to adjust the trust’s terms as needed. Each of these terms plays a different role within the framework of trust law, but the Trustor is the key figure who initiates the trust's creation.

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