SETTLOR

Settlor

In law a settlor is a person who settles property on trust law for the benefit of beneficiaries. In some legal systems, a settlor is also referred to as a trustor, or occasionally, a grantor or donor. Where the trust is a testamentary trust, the settlor is usually referred to as the testator. The settlor may also be the trustee of the trust or a third party may be the trustee . In British common law it has been held, controversially, that where a trustee declares an intention to transfer trust property to a trust of which he is one of several trustees, that is a valid settlement notwithstanding ...

The above text is a snippet from Wikipedia: Settlor
and as such is available under the Creative Commons Attribution/Share-Alike License.

settlor

Noun

  1. A person who settles property on express trust for the benefit of beneficiaries.


The above text is a snippet from Wiktionary: settlor
and as such is available under the Creative Commons Attribution/Share-Alike License.

Need help with a clue?
Try your search in the crossword dictionary!