Settlor – the creator of a trust, who becomes so by conveying or transferring property to another (the trustee) to hold in trust for a third person (the beneficiary)

     This page is continued from Fiduciary Relationships >>>> Fiduciary >>>> Settlor/Trustee/Beneficiary Relationship:

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settlor:
(18c)

1. Someone who makes a settlement of property; especially one who sets up a trust— aka creatordonortrustorgrantor; founder. 

2. A party to an instrument.

Note: In both of the above definitions, “settlor” may also be spelled “settler.” [1]

1. The creator of a trust.  One who has conveyed or transferred property to another who is to hold the same as trustee for the benefit of a third person or persons.  The person who furnished s the consideration for the trust, even though in form the trust is created by another person as where a decedent by paying a quad pro quo has caused another person to make a transfer of property with enjoyment subject to change by the exercise of such power by the decedent.  Lyman v Commissioner (CA2 NY) 109 F2d 99. [2]

1. The creator of a trust; the person who conveys or transfers property to another (the trustee) to hold in trust for a third person (the beneficiary). [3]

References:

[1]: Black’s Law Dictionary Deluxe Tenth Edition by Henry Campbell Black, Editor in Chief Bryan A. Garner. ISBN: 978-0-314-61300-4 

[2]: Ballantine’s Law Dictionary with Pronunciations
Third Edition
 by James A. Ballantine (James Arthur 1871-1949).  Edited by William S. Anderson.  © 1969 by THE LAWYER’S CO-OPERATIVE PUBLISHING COMPANY.  Library of Congress Catalog Card No. 68-30931

[3]: Ballantine’s Law Dictionary Legal Assistant Edition
by Jack Ballantine (James Arthur 1871-1949).  Doctored by Jack G. Handler, J.D. © 1994 Delmar by Thomson Learning.  ISBN 0-8273-4874-6.

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