72.000 Trust Definitions

72.000 Trust Definitions "Trust" means a fiduciary relationship with respect to property arising from a settlor's intention to impose equitable duties on a person to hold, manage, or otherwise administer that property for the benefit of another person. "Settlor" means the person who creates the trust. The terms "grantor" and "trustor" mean the same as "settlor." "Beneficiary" means a person for whose benefit property is held in trust. "Trust instrument" means the document or documents that manifest the elements and other details of a trust. "Trust property" means property placed in a trust by the settlor or property otherwise transferred to or acquired or retained by the trustee for the trust. The terms trust corpus and trust res means the same as "trust property." O.C.G.A. §53-12-2(1), (7), (8), (9), (10), (11)