Which term describes the individual who creates a trust?

The term that describes the individual who creates a trust is "Trustor." A trustor, also often referred to as a grantor or settlor, is the person who establishes the trust, determining its terms and conditions, and transferring assets into it. This individual is responsible for setting the purpose of the trust and specifying how the assets within it are to be managed and distributed.

In the context of trust law, understanding the roles is vital. The trustee is the individual or institution appointed to manage the trust assets according to the guidelines set by the trustor. The beneficiary is the person or entity who receives benefits from the trust, such as income or property. The executor typically pertains to a will, managing the estate of a deceased individual rather than the establishment of a trust. Recognizing these distinctions helps clarify the important responsibilities and relationships within the framework of trusts.