settlor

noun

set·​tlor ˈse-tᵊl-ˌȯr 

ˈset-ˌlȯr

: one that makes a settlement or creates a trust of property

Examples of settlor in a Sentence

Recent Examples on the Web

The country has a rich case law history related to its trusts, which provides settlors—those establishing the trusts—with peace of mind. —Alicia Adamczyk, Fortune, 21 Oct. 2024

Technically, the assets are now property of the trust, not the settlor. —Alicia Adamczyk, Fortune, 21 Oct. 2024

SLATs and Grantor Trust Rules SLATs are generally classified as grantor trusts, meaning the settlor spouse remains responsible for the income tax on the trust's assets. —Matthew F. Erskine, Forbes, 30 Sep. 2024

This arrangement benefits the beneficiaries, as the settlor’s payment of taxes reduces the taxable estate without additional gift tax consequences. —Matthew F. Erskine, Forbes, 30 Sep. 2024

In any state, including Nevada, irrevocable trusts can be altered by court order if the settlor and all beneficiaries agree to the modification. —Naomi Cahn, The Conversation, 30 July 2024

Nevada is unusually permissive in allowing settlors to maintain secrecy about the trust, even with respect to trust beneficiaries. —Naomi Cahn, The Conversation, 30 July 2024

This capability safeguards the integrity and purpose of the trust as envisioned by the settlor. —Matthew Erskine, Forbes, 16 Feb. 2024

These powers and responsibilities highlight the role of a Trust Protector as a guardian of the trust's purpose and as a mediator between the intentions of the settlor, the administration by the trustees, and the needs of the beneficiaries. —Matthew Erskine, Forbes, 16 Feb. 2024

Word History

First Known Use

1779, in the meaning defined above

Legal Definition

settlor

noun

set·​tlor ˈset-ˌlȯr, ˈset-ᵊl-ˌȯr 

: a person who creates a trust compare beneficiary sense a, trustee sense 2a