grantor

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Grantor

An individual who conveys or transfers ownership of property.

In real property law, an individual who sells land is known as the grantor.

grantor

n. the party who transfers title in real property (seller, giver) to another (buyer, recipient, donee) by grant deed or quit claim deed. (See: grant)

grantor

noun assignor, bequeather, bestower, contributor, devisor, donator, giver, investor, rewarder, testator
Associated concepts: grantor of a power
See also: contributor, donor, feoffor, obligee, transferor

GRANTOR. He by whom a grant is made.

References in periodicals archive ?
26, 2015 /PRNewswire/ - Transferring assets to a grantor trust can be a powerful way to maximize an individual's lifetime gift exemption, according to Atlantic Trust , the U.
As an unfunded trust, the grantor will normally make annual gilts to the trust so that it can pay the insurance premiums.
Although the grantor cannot change the beneficiaries of the ILIT, the trust agreement could give the grantor the right to cancel or modify a beneficiary's annual withdrawal rights.
As a result, subsequent creditors, purchasers, or lenders of the grantor may assert their claims against the property.
The complex ownership arrangement designed by the grantors in this ruling created a fragile environment for the S election, with several possible potential traps that should be anticipated and avoided.
A grantor "seeds" an IDIT with cash or property that creates a taxable gift.
Step 3: The grantors of the trust receive income each year from each trust.
Grantor organization is a public charity or private foundation; and
For comparison purposes, if the grantors had established two 12-year QPRTs and made additional taxable gifts of $381,928 up front to the remainder trust and if such gifted funds earned six percent compounded annually, the gifted funds would have roughly doubled to $768,000, as compared to the $2.
This change presumably is aimed at the common occurrence of QPRT grantors buying back the residence during the trust term, which allowed trust beneficiaries to receive cash instead of a residence with a low carryover income tax basis.
We are now on a par with much of the rest of the world in the services and information we can offer borrowers and credit grantors," said Yelin.

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