Who is the person creating the trust known as?

The individual creating the trust is referred to as the grantor. This person establishes the terms of the trust and decides how the assets within the trust are to be managed and distributed. The grantor plays a crucial role in defining the structure of the trust, including specifying the beneficiaries and the responsibilities of the trustee, who is tasked with managing the trust according to the grantor's instructions.

This terminology is important in understanding trust law and the roles involved. While the trustee is responsible for administering the trust and the beneficiary is the individual who receives benefits from the trust, the grantor is the foundational figure who initiates the trust and sets its objectives. The term "settler" is often used interchangeably with grantor in some jurisdictions, but the specific term used can vary based on legal conventions.