Settlor

usgb/ˈsɛt.lɚ/
Noun

A person who creates a trust by transferring their property into it for the benefit of others.

The settlor decided to place their assets in trust for their children's future.
Visual representation of "settlor" - A person who creates a trust by transferring their property into it for the benefit of others.

Usage tips

Formal

trust fund, family trust, estate planning

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Visual representation of "settlor"
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Legal Intent

Understanding that a settlor’s intentions must be explicitly stated in trust documents.

Illustration for Legal Intent
The settlor's wishes can shape how the trust assets are managed.
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Common Usage

In legal discussions, make sure to clarify that 'settlor' specifically refers to the person creating a trust.

Illustration for Common Usage
Misunderstanding 'settlor' for general users when it pertains to legal contexts.
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Trust vs. Settlor

Know that 'settlor' is often mistakenly referred to as 'trustee,' but they are different roles.

Illustration for Trust vs. Settlor
The trustee manages the assets, while the settlor establishes the trust.
Visual representation of the word "Settlor"

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