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settlor

   Also found in: Legal, Financial, Wikipedia 0.01 sec.
set·tlor  (stlr)
n.
One that makes a business or financial settlement or a settlement of property.

settlor [ˈsɛtlə]
n
(Law) Law a person who settles property on someone
ThesaurusLegend:  Synonyms Related Words Antonyms
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"


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It provides that a trust settlor creating a trust in Florida cannot designate the law of another state to govern the meaning and effect of the trust terms unless there is some demonstrable connection between the trust and the designated state.
All states that tax the income of trusts base their jurisdiction to tax resident trusts on a combination of one or more of the following factors: 1) residence of the testator of the trust at death for a testamentary trust (resident testator), or residence of the settlor at the time the trust becomes irrevocable for a living trust (resident settlor); 2) residence of the trustee; 3) place of administration; or 4) residence of the beneficiaries.
In the last decade, scholars and courts have begun conceptualizing the trust as a "deal": a private agreement between the settlor and the trustee to manage the corpus.
 
 
 
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