(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 trustor
trustor
In the United States, the settlor is also called the trustor, grantor, donor or creator.
From the en.wikipedia.org
The uncertainty involves the risk of failure or harm to the trustor if the trustee will not behave as desired.
From the en.wikipedia.org
The trustor can also establish trusts for future generations of children, making the trust a lasting legacy for an indefinite amount of generations.
From the forbes.com
If you don't want to set up a trust fund, there are other options, but all of these don't leave you, the trustor, with as much control over your assets as a trust.
From the forbes.com
Sociology acknowledges that the contingency of the future creates dependency between social actors, and specifically that the trustor becomes dependent on the trustee.
From the en.wikipedia.org
- Settlor: (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
- A person who creates a trust
- The person conveying property in trust.
- The trustor is the borrower (or property owner) at the time the deed of trust was created. Trustor is often used to refer to the current owner.
- A borrower in a deed of trust loan transaction.
- The debtor who gives title to the trustee as security for the loan.
- A party who voluntarily establishes a deed of trust against their property.
- The borrower, the person who signs the promissory note.
- One who deeds his property to a trustee to be held as security until he has performed his obligation to a lender under terms of a deed of trust.
