settlor

settlor
The creator of a trust. One who has conveyed or transferred property to another who is to hold the same as trustee for the benefit of a third person or persons. The person who furnishes the consideration for the trust, even though in form the trust is created by another person, as where a decedent by paying a quid pro quo has caused another person to make a transfer of property with enjoyment subject to change by the exercise of such power by the decedent. Lyman v Commissioner (CA2 NY) 109 F2d 99.

Ballentine's law dictionary. . 1998.

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Look at other dictionaries:

  • settlor — set·tlor / set ˌlȯr, set əl ˌȯr/ n: a person who creates a trust compare beneficiary a, trustee 2a Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • settlor — set‧tlor [ˈsetlə ǁ ər] noun [countable] LAW a person who gives property or goods to someone under an agreement, especially a will (= a statement saying who you want to have your property and money after you die): • It is important that settlors… …   Financial and business terms

  • settlor — [set′lər] n. Law 1. a person who makes a settlement of property 2. a person who creates a trust by conveying property to a trustee; trustor …   English World dictionary

  • Settlor — In law a settlor is a person who settles property on express trust for the benefit of beneficiaries. In some legal systems, a settlor is also referred to as a trustor, or occasionally, a grantor or donor. [In common law legal systems outside of… …   Wikipedia

  • settlor — A person declaring or creating a settlement or trust For tax purposes any person providing money or property for a settlement will be regarded as the settlor …   Big dictionary of business and management

  • settlor — noun Date: 1818 one that makes a settlement or creates a trust of property …   New Collegiate Dictionary

  • settlor — /set leuhr, l euhr/, n. Law. a person who makes a settlement of property. [1810 20; SETTLE1 + OR2] * * * …   Universalium

  • settlor — noun A person who settles property on express trust for the benefit of beneficiaries. Syn: trustor, grantor, donor …   Wiktionary

  • settlor — set·tlor || setlÉ™(r) n. person who makes property settlements (Law) …   English contemporary dictionary

  • settlor — [ sɛtlə] noun Law a person who makes a settlement, especially of property in establishing a trust …   English new terms dictionary

  • settlor — set·tlor …   English syllables

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