settlor

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settlor

The person who establishes a trust.

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It is impossible for a settlor to express every wish, every nuance of what might influence the exercise of discretion in every conceivable circumstance.
results produced by the settlor function doctrine can be understood as
In exercising these attributes, the trustee must prove himself worthy of the trust that the settlor gave him, so that he will have to give to the property right, a use that is in accordance with the purpose for which he received the property.
The trust instrument contained a "duress clause," whereby the settlors were automatically divested of power over the trust's assets in the event of a lawsuit.
(140) That being said, for the purposes of answering whether the assets placed in a South Dakota DAPT will be included in a settlor's gross estate under sections 2036 or 2038 of the Code, we will not discuss whether DAPTs will be provided their theoretical protection; instead, we will assume that settlors will indefinitely receive the protection that DAPTs were intended to provide them.
IRC section 674(c) generally describes independent trustees as persons who are not immediate family or subordinates or employees of the settlor or trustee.
The new Bahamas Executive Entity (BEE) which came into force earlier this year, can give the settlor increased control and provide trustees with important input from the family on an on-going basis.
The company is ultimately owned by the settlor of the trusts or the family as a whole (although it is generally not advisable that the shares of the PTC are directly owned by a family member).
Hostile trust litigation is reaching "near epidemic" levels, and many settlors and trustees view arbitration as an excellent means of limiting spiraling litigation costs.
Finally, the fact that Delaware is located on the mainland may provide potential settlors easier access should they choose to travel to the location of their trust.
(ii) If ownership of the trust assets is placed in settlors or beneficiaries rather than trustees, situations may arise where trust assets have no owner or where the identity of some or all of their owners is disputed.
This time, however, the issue does not address itself to those who sell their life insurance policies (also known as "settlors" in life settlement securitization terminology), but instead to the firms that collect and securitize them for resale to investors--or, rather, one firm: life Partners Holdings Inc.