English

Trustmaker

A trustmaker is a person (or other entity) who places their assets in a trust. This term is synonymous with the terms grantor, settlor and trustor.

When a trust is created, a trustmaker transfers the ownership of money or property to a trustee by creating a declaration of trust, also known as a trust deed. This document lays out the terms and conditions attached to the transfer of ownership and the management of entrusted assets by the trustee. It also lays out any benefits which the trustmaker or the beneficiaries of their choice will receive from the trustee.

Trusts are commonly used as wealth management vehicles in countries with legal systems based on Common Law.

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Editor Daniel Dreier

Daniel Dreier is editor and personal finance expert at moneyland.ch.

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