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Who is the Settlor, Grantor & Protector of my Trust?
Who is the Settlor, Grantor & Protector of my Trust?

Banks and exchanges may ask for certain details about your trust. Here's how to answer with ease.

Updated over a week ago

You play many roles within your Solo 401k plan. You are plan administrator, plan trustee, and plan participant.

You also play various roles within your 401k trust. First, let's define a few terms:

Settlor: The person or entity that establishes the trust (you and/or your business)
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Grantor: The individual or entity that funds the trust by contributing assets (you and/or your business).
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Protector: The individual or entity that watches over the trust.

Therefore, the settler, grantor, and protector of your trust is generally considered to be you or your business.

If a bank or exchange asks who fulfills these roles in your 401k trust, you can enter your name or your business name.

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