noun
- plural of settlor; persons who create trusts by transferring property to trustees for the benefit of beneficiaries
Usage: legal
Examples
- The settlors established the trust to provide for their children’s education.
- Both settlors must sign the trust agreement before it becomes valid.
- The attorney advised the settlors about the tax implications of their trust.
- As settlors, they retained certain rights over the trust property.
- The settlors appointed their eldest son as successor trustee.
- Multiple settlors can contribute assets to a single trust.