How To Use Settlor In A Sentence
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The defendant was to be the settlor of the trust, and the plaintiff would be the trustee.
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Paragraph 91 of the Trust prohibits the settlor from ever participating in the capital of the Trust.
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The domicile and residence of the settlor and the beneficiaries is also relevant.
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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
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It was held that the repayments were capital sums and the settlor was correctly assessed to surtax.
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The settlor, having established the trust has no power thereafter to amend.
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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.
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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
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All the trustee's significant administrative powers required the prior consent of the settlor.
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_ 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
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This result is accomplished only if assets, including a person's interest in his or her accountancy practice, are transferred to the revocable trust during the settlor's lifetime.
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If the settlor is to be a beneficiary of the trust, it would normally be a discretionary trust.
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Settlements of property within the two years preceding the bankruptcy, unless made before and in consideration of marriage, or made in good faith for valuable consideration, are also void, as are similar settlements within ten years, unless it is proved that the settlor was (independently of the settled property) solvent at the date of the settlement, and that the interest in the property passed to the trustees on the execution of the deed.
Encyclopaedia Britannica, 11th Edition, Volume 3, Part 1, Slice 2 "Baconthorpe" to "Bankruptcy"
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Mr X is the settlor, and he is not domiciled, resident or ordinarily resident in the United Kingdom.
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Many jurisdictions will look through the trust and tax the settlor or beneficiaries directly.
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Because a testator or the settlor of a trust is not a state actor, there are no constitutional dimensions to his choice of beneficiaries.
The Volokh Conspiracy » Enforcing Trusts That Exclude Family Members Who Marry Non-Jews:
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All the trustee's significant administrative powers required the prior consent of the settlor.
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Finding “that deviation is permissible when, due to circumstances unanticipated by the settlor, modification of an administrative requirement would advance the trust's purpose,” the Court permitted the Church to sell the building it had outgrown.
"Equitable Deviation" Applied To Permit Church Sale
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Mr X is the settlor, and he is not domiciled, resident or ordinarily resident in the United Kingdom.
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The settlor and his spouse should thus effectively be excluded from all possible benefit under the trust.
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Accordingly any benefits derived by the settlor were not derived from the interests given.
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Two bearer shares were allocated to Hemery and then transferred to trusts of which the two appellants and Baber were settlors.
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Article 19: A settlor shall be a natural person or a legal person or other legally established organization with full civil capacity.
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Generally speaking, a trustee administers a trust, which Black's Law Dictionary defines as a property interest held by the trustee at another's request (the settlor) for a third party's benefit (beneficiary) according to the trust's terms or those of any relevant will if the trust is created in that document.
So You Want To Be A Trustee?
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The settlor may designate whomsoever he wishes and vest in that person the power to appoint succeeding trustees, though sometimes the power is placed with the cestui que trust and sometimes with the settlor.
The Catholic Encyclopedia, Volume 15: Tournely-Zwirner
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In this real world context, the main role that the RAP has to play is to generate drafting errors that can be used to defeat a legitimate intent of the settlor.
The Volokh Conspiracy » Should We Teach Law Students the Rule Against Perpetuities?
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• Contracts should be structured as three-way trust relationships where possible, with the government as settlor, the contractor as trustee, and the affected population as beneficiary.
David Isenberg: Outsourcing War and Peace: Part 5
