In this video, our Elmhurst trust litigation attorneys describe that a trust is both a document and a legal entity that can own property separate from its creator. A trust is created by an individual or entity known as a “grantor” or “settlor". Once the trust is drafted and executed by the grantor, the grantor or third parties can transfer ownership of property to the trust. The trust is therefore a separate legal entity from the grantor that can own property, much like a corporation.