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Bookmark or Share- What Is a Settlor of a Trust? - LegalZoomA trust is a legal arrangement through which property is held by a third-party for the benefit of another party, called the beneficiary. The person who creates the trust is known as the “settlor." The settlor must transfer her property to the trust, which is then handled and administered by the trustee, or administrator, although the settlor ...
- Settlor Definition & Meaning - Merriam-WebsterThe meaning of SETTLOR is one that makes a settlement or creates a trust of property.
- What is a Settlor of a Trust? A Beginner's Guide - Legal InquirerDiscover what a settlor of trust is in a trust arrangement. Whether new to trust or seeking clarity, this guide breaks it down. We’ll explain the settlor’s crucial role, simplifying complex jargon.
- Settlor Definition & Meaning | Legal.comA settlor, also known as a grantor or trustor, is the individual or entity that creates a trust by transferring assets into it for the benefit of trust beneficiaries. The settlor establishes the terms of the trust, including how and when the assets will be distributed to the beneficiaries.
- Settlor: The Entity That Establishes a Trust - InvestopediaA settlor is an entity that establishes a trust and legally transfers control of an asset to a trustee, who manages it for one or more beneficiaries.
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