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"conveyed from grantor to grantee"nouna person who makes a grant in legal formtype of:
Definition that contains grantor
- reversion (law) an interest in an estate that reverts to the grantor (or his heirs) at the end of some period (e.g., the death of the grantee)
- grantor trust a trust established to shift the income to someone who is taxed at a lower rate than the grantor for a period of 10 years or more
- testamentary trust a trust that is created under a will and that becomes active after the grantor dies
- inter vivos trust a trust created and operating during the grantor's lifetime
- living trust a trust created and operating during the grantor's lifetime
- clifford trust a trust established to shift the income to someone who is taxed at a lower rate than the grantor for a period of 10 years or more
- power of attorney a legal instrument authorizing someone to act as the grantor's agent