settlor

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Settlor

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)

settlor

a person who settles property on someone.

References in periodicals archive ?

[The trustee] should be informed of the purposes of the trust, the factors he is to consider, and something of the general frame of mind in which the settlor wishes him to act."

Role of trustee made easier with 'letter of wishes'

This Article relates the settlor function doctrine to ERISA's

UNTRUSTWORTHY: ERISA'S ERODED FIDUCIARY LAW

The persons engaged in the legal operation of the trust are the settlor, i.e.

THE TRUST UNDER THE NEW CIVIL CODE

courts have levied substantial daily fines against domestic settlors and the domestic branches of foreign banks.

Should I stay or should I go? The erosion of the offshore asset protection trust and the rise of its domestic analogue

(69) However, asset protection trusts also present settlors with transfer tax planning possibilities.

Domestic asset protection trusts: examining the effectiveness of South Dakota asset protection trust statutes for removing assets from a settlor's gross estate

For example, in Chancellor, the IRS asserted that the trustee-beneficiary's estate should have included the trust because the standard did not relate solely to her health, education, support, or maintenance, but also considered the spouse's "welfare and other appropriate expenditures." After examining the settlor's intent and the applicable state law, the Tax Court ultimately ruled that the power to invade was limited by an ascertainable standard and did not include the trust in the decedent's estate.

Lifetime credit shelter trusts: utilizing the estate and gift tax exemption before it's too late

In the longer term, when faced with decisions arising both from the increasing complexity of the familyEoACAOs finances and from the evolving dynamics of the family relationships, professional trustees can find it difficult to ensure they adequately take into account the true intentions of the settlor when making their decisions.

Social Capital - the 'human side of wealth': It's not just about the money

In these instances, the less well-known private trust company (PTC) concept provides an interesting alternative, in which the settlor is able to keep a higher level of control, while still retaining many of the benefits of a trust.

KEEPING IT IN THE FAMILY: Private trust companies are an increasingly popular alternative to a traditional trust structure for families that want to retain greater control of their assets, says Emma Greenaway of Trident Trust's British Virgin Islands of

Settlors' Powers to Compel Mandatory Trust Arbitration 1.

Arbitration of trust disputes: two bodies of law collide

Based on Alaska's continued work on its trust law and increase in protections for both settlors and trustees, it is possible to conclude that Alaska is set on its goal of being a global financial trust headquarters.

Alaska on the asset protection trust map: not far enough for a regulatory advantage, but too far for convenience?

Second, "settlor title retention trusts" may help introduce the trust mechanism to settlors who are unfamiliar with trusts and may be deterred by the prospect of giving away title in their property.

Shapeless trusts and settlor title retention: an Asian morality play

Outline of Underlying Assets: Dispensing fees receivable held by settlors against Social Insurance Medical Fee Payment Fund (SIMFPF) and the Federation of National Health Insurance Organizations (FNHIOs)