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
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
If that is a case then a distribution may be made to the settlor (you) to thereby assist the settlor in defraying the tax costs from bearing the tax burden on trust income.
—Martin Shenkman, Forbes, 6 Feb. 2023
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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
If that is a case then a distribution may be made to the settlor (you) to thereby assist the settlor in defraying the tax costs from bearing the tax burden on trust income.
—Martin Shenkman, Forbes, 6 Feb. 2023
Dictionary Entries Near settlor
Cite this Entry
“Settlor.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/settlor. Accessed 14 Nov. 2024.
Copy CitationLegal Definition
settlor
noun
set·tlor
ˈset-ˌlȯr, ˈset-ᵊl-ˌȯr
: a person who creates a trust compare beneficiary sense a, trustee sense 2a
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