settlor


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settlor

The person who establishes a trust.

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In the case of the first form, the settlor can entrust to a third party that he trusts, his company, his portfolio of transferable securities, etc.
35) It is important to note that most DAPTs only permit the settlor to retain indirect control of the trust assets.
17) Thus, it became the first United States jurisdiction to allow an exception to the longstanding rule that permitted creditors to reach a trust beneficiary's interest when the beneficiary was also the settlor of the trust.
Q: What are steps that can be taken to properly separate fiduciary and settlor functions?
If a settlor decides to fund her trust during life, the trustee can help manage the assets without court intervention even if the settlor's ability to manage them herself diminishes, thereby ensuring continuity and avoiding the costs and administrative inconvenience of a formal, court-supervised guardianship or conservatorship proceeding.
In this case it was clear that the settlor did not intend to have the Children's Trust be a revocable trust because revocability would have sabotaged the estate planning benefits of the GRATs.
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).
Thus, the three most important persons in a trust relationship are the settlor (also called the donor), who creates and funds the trust; the trustee, who holds legal title to the property, though only for the benefit of the beneficiary; and the beneficiary, who holds equitable title to the property and receives the benefits of the trust.
based trusts did not afford creditor protection to the settlor of the trust.
They involve a trustee, which can be an individual, a bank, or a non-profit organization such as a humane society, which handles the finances; a beneficiary, who is the person you choose as your dogs new owner and caretaker; and you, the settlor, the dog owner who is setting up the trust.
The settlor will also decide the terms of the trust.
This Article evaluates the efficacy of such shapeless trusts and settlor title retention trusts by examining the career of the Chinese Trust Act's principal predecessor--the Israeli Trust Act of 1979--which established the world's first shapeless trust regime.