Special Needs Answers
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What's the Difference Between a Settlor and a Grantor?
- May 12th, 2016
Q
My special needs trust refers to someone called a settlor but my friend's trust has a grantor. Are these roles different?
A
Settlor, grantor, trustor and trustmaker are different names for the person or entity that created or established the trust. For example, if a parent created a trust for a child with a disability, then the parent would be named the settlor, grantor, trustmaker, or trustor of the trust, depending on the drafting attorney’s own convention of use; however, there is no difference in treatment if a trust document uses a different name.