A: The grantor (also known as trustor, settlor, or creator) is the creator of the trust relationship and is generally the owner of the assets initially contributed to the trust.
https://www.irs.gov/businesses/small-businesses-self-employed/abusive-trust-tax-evasion-schemes-questions-and-answers
In a court order, the grantor would be the plaintiff, and the grantee would be the defendant. In a quitclaim deed, the grantor is known as the transferor, and the grantee is known as the transferee. As you can see, the grantor gives the property to the grantee through a deed.
http://www.iiexperts.com/difference-grantor-grantee/
The grantee is the buyer. When the grantee sells the property, the grantee becomes the grantor. Simply put, the grantee is the recipient. You can be a grantee even without receiving a property deed. For example, a land contract features both a grantor and a grantee. The grantor is the owner and the grantee is the buyer who is acquiring an equitable interest, but not bare legal interest, in a property.
https://www.thebalance.com/definition-of-grantee-1798564
The IRS also treats irrevocable trusts as grantor trusts if the grantor retains any significant level of administrative control of the trust. For instance, if the grantor is a trustee with discretionary authority to distribute trust property to himself, the irrevocable trust is, in reality, a grantor trust.
http://info.legalzoom.com/can-irrevocable-trust-grantor-trust-22245.html
For tax purposes an irrevocable trust can be treated as a simple, complex, or grantor trust, depending on the powers listed in the trust instrument. A revocable trust may be revoked and is considered a grantor trust (IRC § 676). State law and the trust instrument establish whether a trust is revocable or irrevocable.
https://www.irs.gov/businesses/small-businesses-self-employed/abusive-trust-tax-evasion-schemes-questions-and-answers
As in any contract, someone must initiate the contract (Grantor or Trustee). So the Grantor Trust is simply someone who has initiated the Trust. Read below for what is a Non-Grantor Trust. The contract (trust agreement) must specify the who, what, where, when, why, and other conditions. Finally, the contract is for the benefit of someone or something.
http://www.ultratrust.com/grantor-trust.html
If the trust allows for the distribution of trust income to the grantor or the grantor's spouse, the trust may be a grantor trust. If only a portion of the trust income may be distributed to the grantor or the grantor's spouse, only a similar portion of the trust is considered a grantor trust. In other words, the IRS may consider an irrevocable trust as partially a grantor trust and partially not.
http://info.legalzoom.com/can-irrevocable-trust-grantor-trust-22245.html
The Grantor of a Trust. The Grantor in a Trust is the person with the bucks. In other words, the Grantor of a Trust contract is the owner of the asset(s) which could be any asset from personal residential real estate to stock accounts to business or partnership assets and anything else of monetary value.
http://www.ultratrust.com/grantor-trust.html
Being able to differentiate between a grantor and grantee is imperative, especially if you are going to enter into any property ownership, judgment or transfer of property. In essence, a grantor will “give” something and a grantee will “receive” something.
http://www.iiexperts.com/difference-grantor-grantee/
Distribution provisions; Ability of the grantor to amend, modify, revoke, or terminate the trust agreement; The designation and selection of a trustee or successor trustees; and. The designation of the state under which the terms and provisions of the trust agreement are to be governed.
https://www.irs.gov/businesses/small-businesses-self-employed/abusive-trust-tax-evasion-schemes-questions-and-answers
who is the grantor
The grantor is a trust is the person with the bucks.