settlor
A person who settles property on express trust for the benefit of beneficiaries.
Noun
- A person who settles property on express trust for the benefit of beneficiaries.
- Once the trust deed is drawn up and the asset transferred to the trustee, the settlor no longer owns the asset; his personal creditors therefore cannot seize it to satisfy their claims. […] - 2020, Katharina Pistor, “2:...
Origin
Etymology tree English settle English -or English settlor From settle + -or.