{"id":7510,"date":"2017-11-09T06:58:45","date_gmt":"2017-11-09T06:58:45","guid":{"rendered":"https:\/\/reunitethestates.org\/?page_id=7510"},"modified":"2018-01-28T04:52:09","modified_gmt":"2018-01-28T04:52:09","slug":"settlor-someone-who-makes-a-settlement","status":"publish","type":"page","link":"https:\/\/reunitethestates.org\/?page_id=7510","title":{"rendered":"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)"},"content":{"rendered":"

\u00a0 \u00a0 \u00a0This page is continued from Fiduciary Relationships<\/a> >>>> Fiduciary<\/a> >>>> Settlor\/Trustee\/Beneficiary Relationship<\/a>:<\/span><\/strong><\/p>\n

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settlor<\/span>:
\n<\/strong><\/span>(18c)<\/span><\/p>\n

1. Someone who makes a settlement of property<\/a>; especially one who sets up a trust<\/a>.\u00a0<\/strong>\u2014\u00a0aka creator<\/em><\/strong>;\u00a0donor<\/em><\/span>;\u00a0trustor<\/em><\/span><\/strong>;\u00a0grantor<\/em><\/span><\/strong>; founder<\/em><\/span><\/strong>.\u00a0 <\/strong><\/span><\/p>\n

2. A party to an instrument<\/a>.<\/strong><\/span><\/p>\n

Note:<\/span> In both of the above definitions, “settlor” may also be spelled “settler.”\u00a0<\/strong>[1]<\/span><\/p>\n

1. The creator of a trust<\/a>.\u00a0 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.\u00a0 The person who furnished s the consideration for the trust<\/a>, even though in form the trust<\/a> 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.\u00a0 Lyman v Commissioner<\/em> (CA2 NY) 109 F2d 99<\/span>.<\/strong> [2]<\/span><\/p>\n

1. The creator of a trust<\/a>; the person who conveys or transfers property to another (the trustee<\/a>) to hold in trust<\/a> for a third person (the beneficiary<\/a>).<\/strong> [3]<\/span><\/p>\n

References:<\/strong><\/span><\/p>\n

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[1]: Black’s Law Dictionary Deluxe Tenth Edition by Henry Campbell Black, Editor in Chief Bryan A. Garner. ISBN: 978-0-314-61300-4<\/strong>\u00a0<\/span><\/p>\n

[2]:\u00a0Ballantine\u2019s Law Dictionary\u00a0<\/a>with Pronunciations
\n<\/em>Third Edition<\/a>\u00a0by James A. Ballantine\u00a0(James Arthur 1871-1949).\u00a0\u00a0<\/em>Edited by William S. Anderson.\u00a0\u00a0\u00a9 1969 by THE LAWYER\u2019S CO-OPERATIVE PUBLISHING COMPANY.\u00a0 Library of Congress Catalog Card No. 68-30931<\/span><\/strong><\/p>\n

[3]:\u00a0Ballantine\u2019s Law Dictionary\u00a0<\/a>Legal Assistant Edition<\/a><\/em>
\nby Jack Ballantine\u00a0(James Arthur 1871-1949).\u00a0\u00a0<\/em>Doctored<\/a>\u00a0<\/em>by\u00a0Jack G. Handler,\u00a0J.D.<\/a>\u00a0\u00a9 1994 Delmar by Thomson Learning.\u00a0 ISBN 0-8273-4874-6.<\/span><\/strong><\/p>\n<\/div>\n

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