Condensation is the process by which water vapor in the air is changed into liquid water. Condensation is crucial to the water cycle because it is responsible for the formation of clouds.
1 Grantor: the person who sets up the trust. Also sometimes referred to as the trustor, donor, or settlor..  Trustee: the person designated to manage the trust assets. In a Revocable Living Trust, the grantor and the trustee are usually the same person.
Property in the grantor trust is included in the grantorâs estate and is subjected to the estate or so-called death tax. A grantor trust may be the best type of trust for your particular situation. Consult with an estate planner to find out if the grantor trust is suitable for you and your family.hen the trustâs grantor is also the trustâs trustee, a separate income tax return is often unnecessary. If the grantor makes any gifts made by the grantor trust during the grantorâs lifetime, the gifts may be subject to the gift tax.