Grantor or Settlor: The person who sets up a trust. Gross Negligence: Intentional failure to perform a manifest duty in reckless disregard of the consequences to another person's life or property.
Grantor or Settlor The person who sets up a trust. Guardian A person appointed by will or by law to assume responsibility for incompetent adults or minor children. If a parent dies, this will usually be the other parent.
Trust: A legal device used to manage real or personal property, established by one person (the grantor or settlor) for the benefit of another (the beneficiary). A third person (the trustee) or the grantor manages the trust.
See also: Settlor, Trust, Will, Proceeding, Property
 
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