WHO ARE THE PARTIES TO THE TRUST?

  • The CREATOR of the trust, most times referred to as the settlor or the grantor. In The Revocable Living Trust the creator is known as the Settlor.

  • The MANAGER of the trust is called the Trustee.

  • The BENEFICIARY is the party for whom the trust was established.

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WHY IS IT IMPORTANT TO TRANSFER ASSETS INTO THE TRUST?