White Paper

Terminology: A Glossary of Actors and Terms Pertinent to Trusts

 
In This White Paper, You Will Learn the Terminology:

•Settlor, Grantor, Trustor, Creator.
•Trustee.
•Trust Instrument; Terms of the Trust.
•Beneficiaries and Qualified Beneficiaries.
•Income Beneficiaries and Remainder Beneficiaries.
•Interested Persons.
•Interests of the beneficiaries.
•“Mandatory” vs. “discretionary” distributions.
•Power Holder and Appointee.
•Terminology for multi-participant trusts.