settlor


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set·tlor

also set·tler  (sĕt′lər)
n. Law
1. The creator of a trust.
2. A party to the settlement of a case or dispute.

settlor

(ˈsɛtlə)
n
(Law) law a person who settles property on someone

set•tlor

(ˈsɛt lər, ˈsɛt l ər)

n. Law.
a person who makes a settlement of property.
[1810–20]
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.settlor - (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
bestower, conferrer, donor, giver, presenter - person who makes a gift of property
law, jurisprudence - the collection of rules imposed by authority; "civilization presupposes respect for the law"; "the great problem for jurisprudence to allow freedom while enforcing order"
Translations
fiduciant
References in periodicals archive ?
A BDIT is an irrevocable trust that is grantor, for trust taxation purposes, to the beneficiary and not the settlor.
The settlor can validly establish a trust where he declares himself trustee to the benefit of one or more beneficiaries, as he himself may be one of the beneficiaries.
beneficiaries will be considered a grantor trust--whether or not the settlor retained any of the aforementioned enumerated powers.
The enactment of DAPT laws in South Dakota and various other states has caused debate as to whether transfers to such trusts can be structured as completed gifts for federal gift tax purposes and whether the assets transferred to such trusts by a settlor can effectively be removed from a settlor's gross estate for federal estate tax purposes.
In Nevada, the sole limitation for the settlor is that he is not permitted to make distributions to him or herself.
Settlor functions involve creating, terminating and amending a plan; decisions about plan design, such as whether or not to have automatic enrollment; and eligibility for plan participation and benefit structure, such as determining the amount of any matching or other employer contributions, etc.
129) Some jurisdictions have refused to enforce forfeiture clauses that are broad enough to apply to actions against fiduciaries, notwithstanding clear settlor intent to the contrary, citing "public policy.
Specifically, the IRS was asked to rule that the modification would not cause the settlor to make an additional gift, would not result in the trust's assets being included in the settlor's estate, and would not cause any current or future beneficiary to make a gift to any other beneficiary.
The convenor of the Management Committee will be nominated by the Settlor.
However, within the arrangements of a standard Guernsey trust there are now special provisions which allow for the Settlor to have some oversight of the wealth or assets.
Secondly, within the arrangements of a standard Guernsey trust there are special provisions which allow for the Settlor to take some control of the wealth or assets; the use of structures involving a PTC or purpose trust gives the Settlor greater control - they may sit on the board of the PTC and also be in command of the purpose trust which is the ultimate authority over the PTC board.
How can the settlor be liable to tax on the property if he no longer owns it?