Trustor Legal Meaning and Definition

Here is a simplified definition of the legal term Trustor.

Trustor (noun)

The trustor is the individual who creates a trust by transferring their own property or assets to it. The intention is to benefit a beneficiary, who is usually a different person. Although the trustor gives up certain rights to the property specified in the trust agreement, they can also be named as a beneficiary of the trust they establish.