Trustee vs Trustor – What’s the difference?

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Trustee vs Trustor - What's the difference?
As nouns the difference between trustee and trustor is that trustee is a person to whom property is legally committed in trust, to be applied either for the benefit of specified individuals, or for public uses; one who is intrusted with property for the benefit of another; also, a person in whose hands the effects of another are attached in a trustee process while trustor is (legal) a person who creates a trust.

As a verb trustee is to commit (property) to the care of a ; as, to trustee an estate.

trustee

English

(wikipedia trustee )

Noun

(en noun )

  • A person to whom property is legally committed in trust, to be applied either for the benefit of specified individuals, or for public uses; one who is intrusted with property for the benefit of another; also, a person in whose hands the effects of another are attached in a trustee process.

    • Derived terms

    * board of trustees
    * public trustee

    Verb

    (en verb )

  • To commit (property) to the care of a ; as, to trustee an estate.
  • To attach (a debtor’s wages, credits, or property in the hands of a third person) in the interest of the creditor.

    • trustor

    English

    Noun

    (wikipedia trustor )
    (en noun )

  • (legal) A person who creates a trust.

    • Synonyms

    * donor
    * grantor
    * settlor

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