(n.) The person by whom a grant or conveyance is made.
Example Sentences:
Settlor
Definition:
Example Sentences:
(1) Will companies and trusts be forced to disclose those who stand behind them as owners, or as trust settlors and beneficiaries?
(2) The real beneficial owners proved often to be the so-called "settlors" or "protectors" of offshore trusts, and those holding legal powers of attorney which enable them to exert secret control over the bank accounts.
(3) You, the settlor, are entitled to the capital at any time, but any growth generated by the capital eventually goes to the trust's beneficiaries.
(4) Trusts are often used if the beneficiary is very young, the settlor (giver) is worried the beneficiary may end up losing the gift through divorce or bankruptcy, or is undecided about who to benefit.
(5) In 1998, launched Cook Islands trust with deposit of more than US$800,000 as settlor and initially as beneficiary.