Settlor definition

Settlor means a person, including a testator, who creates, or contributes property to, a trust. If more than one person creates or contributes property to a trust, each person is a settlor of the portion of the trust property attributable to that person's contribution except to the extent another person has the power to revoke or withdraw that portion.
Settlor shall have the meaning defined in the preamble hereto.
Settlor means that term as defined in section 7103 of the estates and protected individuals code, 1998 PA 386, MCL 700.7103.

Examples of Settlor in a sentence

  • Settlor" has the same meaning as in section 103, subsection 14.[PL 2019, c.

  • Where the Settlor is Dead Where the settlor is dead, the FSP should make reasonable inquiries about the settlor of such persons as may be appropriate in the circumstances of the particular case e.g. the existing or predecessor trustees or the beneficiaries.

  • Where the Settlor is Alive Where the settlor is still alive, the FSP should make the relevant inquiries of the settlor.

  • Please note that in the subsequent paragraphs of this letter, where the terms Settlor, Trustee and Beneficiary are capitalized, they are referring back to this example.

  • Transfer any and all of my tangible or intangible personal property, or real property, to the Trustee of a revocable trust created by me as Settlor.


More Definitions of Settlor

Settlor means a person who provides trust property or makes a testamentary disposition on trust or to a trust;
Settlor means VCI, as settlor under the Origination Trust Agreement.
Settlor means a person, including a testator, who creates, or
Settlor means a person, including a testator, who creates, or contributes property
Settlor means a person, including a testator, who
Settlor shall have the meaning stated in the first "Whereas" clause set forth above.
Settlor means the same as that term is defined in Section 75-7-103.