Assertion: trust's grantor | /r/HasProperty | the trustee
Facets:
value: in controlling the property
type: LOCATION
value: at the same time
type: TEMPORAL
value: often
type: TEMPORAL
value: typically
type: DEGREE
value: in some jurisdictions
type: LOCATION
value: during his lifetime
type: TEMPORAL
Source sentences:
text: In the case of a revocable trust, the grantor may also be the trustee.
text: The grantor—the individual who creates the trust and funds his property into it—typically act as trustee during his lifetime.
text: For example, in some jurisdictions, the grantor can be a lifetime beneficiary and a trustee at the same time.
text: The grantor often also serves as a trustee in controlling the property in the trust.
text: For example, in a living trust it is common for the grantor to be both a trustee and a lifetime beneficiary while naming other contingent beneficiaries.[citation needed]
text: In some jurisdictions, this rule does not apply if the grantor also serves as the trustee.
text: The grantor may function as the trustee, allowing them to manage the property in the trust, but it is not required.
text: Fiduciary responsibility isn't a factor when the grantor of a revocable trust serves as his own trustee.
text: In the case of a revocable trust, the grantor may also be the trustee.
text: The grantor does not have to designate someone else to be the trustee, but may choose to be the trustee himself.
text: If the grantor is the trustee, the trust is referred to as a grantor trust.
text: Revocable trusts allow the grantor—the individual who sets up and funds the trust—to act as trustee and manage the trust assets.
text: allow the grantor—the individual who sets up and funds the trust—to act as trustee and manage the trust assets.
text: In my world, a “family trust” normally refers to a joint tenancy revocable trust (think husband and wife) as grantors (settlors), trustees and beneficiaries (trustee and beneficiary during lifetimes).
text: Most grantors or trustmakers of revocable living trusts—the individuals who create these trusts—serve as trustees themselves.