NOUN
- (law) a person who creates a trust by giving real or personal property in trust to a trustee for the benefit of a beneficiary; a person who gives such property is said to settle it on the trustee
How To Use settlor In A Sentence
- The defendant was to be the settlor of the trust, and the plaintiff would be the trustee.
- Paragraph 91 of the Trust prohibits the settlor from ever participating in the capital of the Trust.
- The domicile and residence of the settlor and the beneficiaries is also relevant.
- State and as to which the settlor reserved the right to control disposition and to direct payment of income for life, such reserved powers being equivalent to a fee. The Constitution of the United States of America: Analysis and Interpretation Annotations of Cases Decided by the Supreme Court of the United States to June 30, 1952
- It was held that the repayments were capital sums and the settlor was correctly assessed to surtax.
- The settlor, having established the trust has no power thereafter to amend.
- This is because, if the settlor can revoke the terms of the trust, a creditor can simply obtain a court order requiring him to do so.
- For 200 years the rule against accumulations of income, which limits the time during which a settlor may direct the trustee to accumulate and retain income in trust, has lurked in the shadow of its older and more distinguished cousin, the Rule Against Perpetuities. May 2006
- All the trustee's significant administrative powers required the prior consent of the settlor.
- _ Wisconsin, [517] the domiciliary State of the creator of a trust was held competent to levy an inheritance tax, upon the death of the settlor, on his trust fund consisting of stocks, bonds, and notes kept and administered in another The Constitution of the United States of America: Analysis and Interpretation Annotations of Cases Decided by the Supreme Court of the United States to June 30, 1952