settlors

[US]/'setlə/
[UK]/'sɛtlɚ/
Frequency: Very High

Translation

n. [Law] the person who establishes a trust or transfers property into a trust.

Example Sentences

The settlor established a trust for his grandchildren.

The settlor transferred assets into the trust.

The settlor appointed a trustee to manage the trust.

The settlor included specific instructions in the trust deed.

The settlor's wishes must be followed by the trustee.

The settlor can specify how the trust assets should be distributed.

The settlor retains certain rights over the trust assets.

The settlor can amend the trust deed if necessary.

The settlor's identity may be kept confidential in some jurisdictions.

The settlor may also be a beneficiary of the trust.

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