At the core, a Trustor is just the person who creates and opens a Trust. A Trustee, however, is the person who's appointed to manage that Trust.

Can a trustee also be a trustor?

Although one person can be both trustor and trustee, or both trustee and beneficiary, the roles of the trustor, trustee, and beneficiary are distinctly different. Each comes with its own rights and responsibilities.

What is another name for a trustor?

What is a Settlor of Trust? Settlor is simply another term for trustor – i.e. the person who creates the trust for the benefit of their loved ones.