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The GRANTOR , an Individual, Form

The GRANTOR , an Individual, Form

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welcome to county office your ultimate guide to local government services and public records let's get started what is a grantor irrevocable trust a grant or irrevocable trust is a specific type of trust established by a grantor the grantor is the individual who creates the trust and transfers assets into it once the assets are transferred the granter relinquishes control over them this means the granter cannot modify or revoke the trust after its creation the primary purpose of a grant or irrevocable trust is to manage and protect assets this type of trust can provide benefits such as asset protection from creditors it can also help in Estate Planning by reducing the taxable estate of the grantor in a granter irrevocable trust the trustee manages the assets ing to the trust document the trustee is responsible for Distributing income or principle to beneficiaries as specified beneficiaries can be family members or other individuals designated by the grantor since the trust is i

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