Definitions
from The American Heritage® Dictionary of the English Language, 5th Edition.
- noun The creator of a trust.
- noun A party to the settlement of a case or dispute.
from The Century Dictionary.
- noun In law, the person who makes a settle ment.
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- noun law A person who
settles property on express trust for the benefit ofbeneficiaries .
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- noun (law) a person who creates a trust by giving real or personal property in trust to a trustee for the benefit of a beneficiary; a person who gives such property is said to settle it on the trustee
Etymologies
from Wiktionary, Creative Commons Attribution/Share-Alike License
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Examples
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• Contracts should be structured as three-way trust relationships where possible, with the government as settlor, the contractor as trustee, and the affected population as beneficiary.
David Isenberg: Outsourcing War and Peace: Part 5 David Isenberg 2011
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Generally speaking, a trustee administers a trust, which Black's Law Dictionary defines as a property interest held by the trustee at another's request (the settlor) for a third party's benefit (beneficiary) according to the trust's terms or those of any relevant will if the trust is created in that document.
So You Want To Be A Trustee? Frazer C. Rice 2010
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Because a testator or the settlor of a trust is not a state actor, there are no constitutional dimensions to his choice of beneficiaries.
The Volokh Conspiracy » Enforcing Trusts That Exclude Family Members Who Marry Non-Jews: 2009
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In this real world context, the main role that the RAP has to play is to generate drafting errors that can be used to defeat a legitimate intent of the settlor.
The Volokh Conspiracy » Should We Teach Law Students the Rule Against Perpetuities? 2007
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For 200 years the rule against accumulations of income, which limits the time during which a settlor may direct the trustee to accumulate and retain income in trust, has lurked in the shadow of its older and more distinguished cousin, the Rule Against Perpetuities.
May 2006 2006
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Finding “that deviation is permissible when, due to circumstances unanticipated by the settlor, modification of an administrative requirement would advance the trust's purpose,” the Court permitted the Church to sell the building it had outgrown.
"Equitable Deviation" Applied To Permit Church Sale Howard M. Friedman 2005
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Settlements of property within the two years preceding the bankruptcy, unless made before and in consideration of marriage, or made in good faith for valuable consideration, are also void, as are similar settlements within ten years, unless it is proved that the settlor was (independently of the settled property) solvent at the date of the settlement, and that the interest in the property passed to the trustees on the execution of the deed.
Encyclopaedia Britannica, 11th Edition, Volume 3, Part 1, Slice 2 "Baconthorpe" to "Bankruptcy" Various
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_ Wisconsin, [517] the domiciliary State of the creator of a trust was held competent to levy an inheritance tax, upon the death of the settlor, on his trust fund consisting of stocks, bonds, and notes kept and administered in another
The Constitution of the United States of America: Analysis and Interpretation Annotations of Cases Decided by the Supreme Court of the United States to June 30, 1952 Edward Samuel Corwin 1920
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State and as to which the settlor reserved the right to control disposition and to direct payment of income for life, such reserved powers being equivalent to a fee.
The Constitution of the United States of America: Analysis and Interpretation Annotations of Cases Decided by the Supreme Court of the United States to June 30, 1952 Edward Samuel Corwin 1920
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The settlor may designate whomsoever he wishes and vest in that person the power to appoint succeeding trustees, though sometimes the power is placed with the cestui que trust and sometimes with the settlor.
The Catholic Encyclopedia, Volume 15: Tournely-Zwirner 1840-1916 1913
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