Related Definitions
What is a Settlor of Trust?
A settlor of a trust is the creator of a trust, who outlines what assets they want included under the umbrella of the trust and how they want these assets distributed to their identified beneficiaries.
The individual who creates a trust, transferring assets into it and establishing the terms under which the trust will operate. The settlor, also known as the grantor or trustor, defines the beneficiaries and the trustee, and outlines the trust’s purpose and management instructions. The settlor’s intentions are crucial in shaping the trust’s provisions and ensuring that the trust fulfills its intended purpose, whether for estate planning, asset protection, or charitable giving.
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