Elements of Trust

Question 1

grantor -

Answer 1

person who forms the trust and supplies the assets

Question 2

trustee -

Answer 2

person named in the trust to administer the trust according to the terms and state trust law

Question 3

beneficiary -

Answer 3

the person for whose benefit the trust property is held by the trustee

Question 4

intent from grantor -

Answer 4

must have a valid legal purpose

Question 5

property -

Answer 5

asses subject to the trust