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Definition of settlor in English: settlornoun ˈsɛtləˈsɛdlər Law A person who makes a settlement, especially of property in establishing a trust. Example sentencesExamples - The defendant was to be the settlor of the trust, and the plaintiff would be the trustee.
- The settlor, having established the trust has no power thereafter to amend.
- Paragraph 91 of the Trust prohibits the settlor from ever participating in the capital of the Trust.
- Many jurisdictions will look through the trust and tax the settlor or beneficiaries directly.
- Accordingly any benefits derived by the settlor were not derived from the interests given.
Definition of settlor in US English: settlornounˈsɛdlərˈsedlər Law A person who makes a settlement, especially of a property. Example sentencesExamples - Many jurisdictions will look through the trust and tax the settlor or beneficiaries directly.
- Accordingly any benefits derived by the settlor were not derived from the interests given.
- The settlor, having established the trust has no power thereafter to amend.
- Paragraph 91 of the Trust prohibits the settlor from ever participating in the capital of the Trust.
- The defendant was to be the settlor of the trust, and the plaintiff would be the trustee.
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