(law) a person who creates a trust by giving real or personal property in trust to a trustee for the benefit of a beneficiary; a person who gives such property is said to settle it on the trustee
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Examples of settlor
settlor
In a fixed trust, the entitlement of the beneficiaries is fixed by the settlor.
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In the case of the self-declared trust, the settlor and trustee are the same person.
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In some other jurisdictions, the settlor may also be known as the founder.
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In the United States, the settlor is also called the trustor, grantor, donor or creator.
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A settlor who is living at the time the trust is established creates an inter vivos trust.
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In other words, if the settlor was a New Zealand resident, he or she would pay New Zealand tax.
From the nzherald.co.nz
One is where you are a settlor but not a beneficiary of a trust that is benefiting from your gift.
From the nzherald.co.nz
The settlor has much discretion when creating the trust, subject to some limitations imposed by law.
From the en.wikipedia.org
Article 6 allows the settlor to select the applicable law in the inter vivos or testamentary document.
From the en.wikipedia.org
- (law) a person who creates a trust by giving real or personal property in trust to a trustee for the benefit of a beneficiary; a person who gives such property is said to settle it on the trustee
- In law a settlor is a person who settles property on express trust for the benefit of beneficiaries. In some legal systems, a settlor is also referred to as a trustor, or occasionally, a grantor or donor. ...
- (Settlors) are persons or companies who transfer ownership of their assets to trustees by means of a trust deed. ...
- The original owner of the assets which are placed in trust. A trust may have more than one settlor.
- One who creates an inter vivos or living trust
- An individual who establishes a trust in order to transfer property. (See Grantor)
- The person who creates a trust. Also called trustor.
- The term given to the person gifting assets in to a Trust he/she is setting up.
- A person who establishes a trust. The term settlor is used interchangeably with the terms "trustor" and "grantor."
