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 means that term as defined in section 7103 of the estates and protected individuals code, 1998 PA 386, MCL 700.7103.

Settlor shall have the meaning defined in the preamble hereto.

Examples of Settlor in a sentence

Settlor and Public Trustee are the initial Co-Trustees of the Trust.
Settlor or Public Trustee may sign all the transaction and related loan documents that will not be recorded or become part of the public record.
If no one is serving as Trustee while Xxxxxxx is alive, and the Settlor is unable or unwilling to appoint a successor Trustee, the court may appoint a successor Trustee.
Settlor has created this trust to hold real property for Settlor’s benefit in a manner that will protect Xxxxxxx’s confidentiality in the public record.
If, at any time, there is no Co-Trustee serving with Settlor, then Settlor may appoint one or more persons and/or entities authorized to serve as trustees under RCW 11.36.021 to serve as Co-Trustee.

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

Settlor means a person, including a testator, who creates, or

Settlor means a person, including a testator, who creates or contributes

Settlor means a person, including a testator, that

Settlor means a person, including a testator, who creates a trust.