A person who establishes a trust is known as the , whereas the person who is entitled to the income and other distributions from the trust is known as the . g

grantor; trustee

Explanation:

A trust can be defined as a fiduciary relationship between two party in which one of the parties referred to as a grantor (trustor) grants another party known as the trustee, the express permission, right or authority to hold title to assets or properties for the benefit of a third party. Also, this third party is typically referred to as a beneficiary.

This ultimately implies that, a grantor typically refers to an individual or person that establishes a trust while the person (individual) who is entitled to the income and other distributions as a beneficiary from the trust is generally referred to as the trustee.

In conclusion, a trust refers to a fiduciary entity that is mainly focused on holding and administering a corpus for other individuals or third parties (beneficiaries).

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