settlor
/'setlə/
Học thuậtThân thiện
Definition
- Noun:
- A person who establishes a trust: In law, a "settlor" is an individual who creates a trust by transferring property (real estate or personal assets) to a trustee. This transfer is made for the benefit of one or more designated beneficiaries. The act of giving this property is often described as "settling" it upon the trustee.
Usage Examples
- Noun:
- The settlor transferred the ownership of his house into a trust for his grandchildren.
- As the settlor of the family trust, she specified detailed instructions for the distribution of assets.
Advanced Usage
"To act as a settlor": To perform the role of creating and funding a trust.
- He decided to act as a settlor to ensure his charitable wishes were carried out after his death.
"Settlor's intent": A legal principle emphasizing that the wishes of the person who created the trust should guide its administration.
- The court's ruling was based on a clear interpretation of the settlor's intent.
Variants and Related Words
- Settle (verb): In a legal context, to transfer property to form a trust. (e.g., )
- Settlement (noun): The act or process of settling property, or the trust arrangement itself. (e.g., )
Synonyms
- Trustor: A synonym for "settlor," commonly used in some legal jurisdictions.
- Grantor: A person who grants or conveys property; often used interchangeably with "settlor" in trust law.
- Donor: In a broader sense, a person who gives something, but not specific to trust creation.
Related Phrases (Phrasal Verbs)
- To settle on/upon: To formally give property to a trustee for a trust.
- The assets were settled upon the trustee for the benefit of the university.
Related Idioms
Noun
- (law) a person who creates a trust by giving real or personal property in trust to a trustee for the benefit of a beneficiary; a person who gives such property is said to settle it on the trustee