Understanding the roles and definitions of grantor and grantee in property transactions, their legal implications, and real-world examples.
A quitclaim deed is a legal instrument that transfers the grantor's interest in a property without warranties or guarantees of title.
Reversion refers to the interest that remains with a property owner who has granted an estate less than their own full interest. This interest allows them to regain the property at some point in the future.
A revocable trust is a flexible estate planning tool wherein the grantor may alter the provisions or cancel the trust at will. This differs from an irrevocable trust, which permanently transfers assets out of the estate.
The Settlor is the person who establishes a trust, transferring assets to a trustee for the benefit of designated beneficiaries. This term is also known as donor, trustor, or grantor.
A comprehensive guide to the role, responsibilities, and types of grantors in financial markets and trust creation.
