- settlor
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set·tlor /'set-ˌlȯr, 'set-əl-ˌȯr/ n: a person who creates a trust compare beneficiary a, trustee 2a
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.
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The person who creates a trust by a written trust declaration. Called a "trustor" in many (particularly western) states and is sometimes referred to as a "grantor" or "donor." The settlor usually transfers the original assets into the trust. Compare: grantorCategory: Wills, Trusts & Estates → Living Trusts & Avoiding Probate
Nolo’s Plain-English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009.
- settlor
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A person who sets up a trust and settles or transfers the trust property on or to the trustees for the benefit of the beneficiaries.Related links
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
- settlor
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One who establishes a trust—a right of property, real or personal—held and administered by a trustee for the benefit of another.
Dictionary from West's Encyclopedia of American Law. 2005.
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I
One who establishes a trust—a right of property, real or personal—held and administered by a trustee for the benefit of another.II The person who sets up a trust. Also referred to as "grantor."
Short Dictionary of (mostly American) Legal Terms and Abbreviations.