NOUN
- (law) a person who creates a trust by giving real or personal property in trust to a trustee for the benefit of a beneficiary; a person who gives such property is said to settle it on the trustee
How To Use trustor In A Sentence
- The way the trust works is that you are the beneficial owner (trustor of sorts) of the real estate with every and all rights of ownership including but not limited to the ability to re-sell it, rent it, build on it, exclude or allow access to anyone you want, and use it within the normal allowed usage of any real estate. Retiring on a small budget
- If the trust property is enforced against the provisions of the preceding paragraph, the trustor, trustee or beneficiary has the right to make an objection to the people's court.