trustor

Thân thiện

A lawyer explains the role of a trustor to a client.

Definition

Noun: 1. A person who creates a trust: In law, a trustor is an individual or entity that establishes a trust by transferring property (real estate, money, investments, etc.) to a trustee. The trustor gives the trustee the legal authority to hold and manage that property for the benefit of one or more designated beneficiaries.

Usage

The term "trustor" is used specifically in legal and financial contexts to identify the person who initiates and funds a trust agreement. * The trustor must be of sound mind and have legal ownership of the property they intend to place into the trust. * In the trust document, the trustor outlines the terms, conditions, and purposes for which the trust assets are to be managed and distributed.

Examples

• As the trustor, she transferred ownership of her house into a living trust for her children.
• The lawyer explained the rights and responsibilities of the trustor, the trustee, and the beneficiary.
• By naming himself as the trustor and his spouse as the beneficiary, he ensured the assets would be managed according to his wishes.

Advanced Usage

• Settlor: This is a direct synonym for "trustor" and is commonly used interchangeably in legal documents. The act of creating the trust is called "settling" the trust.
  • The settlor (or trustor) appointed a corporate trustee to manage the investment portfolio.
• Grantor: In some jurisdictions, particularly in the context of certain types of trusts, "grantor" is another equivalent term for the person who creates and transfers assets into the trust.

Variants and Related Words

• Settlor (noun): A synonym for trustor.
• Grantor (noun): A synonym for trustor, especially in specific trust instruments.
• To Settle (verb, legal): The action performed by the trustor. (e.g., )
• Trust (noun): The legal arrangement created by the trustor.
• Trustee (noun): The person or institution that holds and manages the trust property.
• Beneficiary (noun): The person or entity that benefits from the trust.

Synonyms

• Settlor
• Grantor
• Creator (of the trust)
• Donor (in certain contexts)

Notes on Different Meanings

The word "trustor" has a single, specific meaning in English, confined to the domain of law and finance. It does not have general, non-legal definitions or common idiomatic uses.

Học thuật

Noun

1. (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

Từ đồng nghĩa

• settlor