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Settlor
(redirected from Settlors)

   Also found in: Dictionary/thesaurus, Financial, Wikipedia 0.01 sec.

One who establishes a trust—a right of property, real or personal—held and administered by a trustee for the benefit of another.


settlor n. the person who creates a trust by a written trust declaration, called a "Trustor" in many (particularly western) states and sometimes referred to as the "Donor." The settlor usually transfers the original assets into the trust. (See: trust, trustor)



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Furthermore, laws where offshore banks are based are tailored allowing settlors to serve as beneficiary without being vulnerable to contrary laws.
More and more, trusts are being created by unrepresented settlors who seldom grasp the instrument's nuances.
This is important for settlors who, for example, do not want younger generations to have this information until a particular time in the future.
 
 
 
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