settlor
IPA: sˈɛtɫɝ
noun
- (trust law) A person who settles property on express trust for the benefit of beneficiaries.
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Examples of "settlor" in Sentences
- The trust can be revocable by the third party settlor.
- The grantor/settlor may also serve as a trustee or co trustee.
- Increased ability of the settlor to retain benefit and control; 2.
- A trust in which the settlor reserves to himself the right to revoke.
- A settlor may create a trust by manifesting an intention to create it.
- The trust property is said to result back to the transferor implied settlor .
- A resulting trust for the settlor is born and dies without any writing at all.
- The CRUT is usually set up so that annuity is paid to the settlor of the trust.
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