Who are the individuals transferring assets to fund a trust?

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Multiple Choice

Who are the individuals transferring assets to fund a trust?

Explanation:
The main idea is who actually puts assets into the trust. The person who creates the trust and transfers property into it is the grantor (also called the settlor or trustor). They fund the trust by retitling assets or transferring ownership into the trust’s name, which completes the funding process. Inter vivos describes a trust created during life, or transfers made during life, but it’s not the person doing the transfer. Statutory law and codified refer to law or law-collection concepts, not individuals.

The main idea is who actually puts assets into the trust. The person who creates the trust and transfers property into it is the grantor (also called the settlor or trustor). They fund the trust by retitling assets or transferring ownership into the trust’s name, which completes the funding process. Inter vivos describes a trust created during life, or transfers made during life, but it’s not the person doing the transfer. Statutory law and codified refer to law or law-collection concepts, not individuals.

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