Grantor: (Also known as a trustor or settlor) A person who creates or contributes property to a trust. If more than one person creates or contributes property to a trust, each person is a grantor with respect to the portion of the trust property attributable to that person’s contribution except to the extent another person has the power to revoke or withdraw that portion.
Guardian: An individual or bank or trust company appointed by a court to act for a minor or incapacitated person (ward). The guardian of the ward is empowered to make financial and personal decisions for the ward. A guardian of the property (also called a “committee”) manages the property of the ward.