Which term refers to a person who creates a trust and transfers property into that trust?

The term that refers to a person who creates a trust and transfers property into that trust is the grantor. A grantor is essentially the individual or entity that establishes the trust by placing assets into it, thus enabling the trust to hold and manage those assets according to the terms set forth in the trust document.

In the context of trusts, understanding the roles is crucial. The trustee is the person or entity appointed to manage the trust and its assets on behalf of the beneficiaries. The beneficiary is the person or entity that benefits from the trust and receives distribution from it as outlined in the trust agreement. A legatee specifically refers to someone who inherits personal property through a will, not through a trust arrangement. Therefore, it is clear that the grantor is the appropriate term for the creator of a trust.