Which of the following best describes the role of a Trustor?

The role of a Trustor is best described as a person who creates a trust and retains rights to the property. In the context of a trust, the Trustor, also known as the grantor or settlor, is the individual who establishes the terms of the trust and places their assets into it, which can include real estate. Importantly, the Trustor typically retains certain rights pertaining to the property even though it is held in the trust. This means the Trustor can sometimes maintain control over the assets and the arrangement specifies how those assets are to be managed or distributed.

The other options don't accurately reflect the role of a Trustor. For instance, simply investing in real estate does not encompass the specific legal responsibilities and rights that come with establishing a trust. Similarly, while a legal entity managing property could be relevant in the broader context of property management, it does not reflect the unique position and function of a Trustor in relation to the trust itself. Finally, a general partner in a business describes a different kind of relationship entirely, which involves partnership law and does not pertain to the concepts surrounding trusts and the role of Trustor.