noun
- a person who creates a trust by transferring property to a trustee for the benefit of beneficiaries
Usage: legal
Examples
- The settlor established a trust fund for his children’s education.
- As the settlor, she retained certain rights over the trust property.
- The attorney advised the settlor on the tax implications of creating the trust.
- Upon the settlor’s death, the trust became irrevocable.
- The settlor transferred ownership of the family business to the trust.
- Legal documents must clearly identify the settlor, trustee, and beneficiaries.