settlor

noun

set·​tlor ˈset-ˌlȯr How to pronounce settlor (audio)
ˈse-tᵊl-ˌȯr
: one that makes a settlement or creates a trust of property

Example Sentences

Recent Examples on the Web Recognizing the difficulty of delineating which expenses of the spouse beneficiary are those of that spouse beneficiary versus those of the settlor spouse, the Trustee and the spouse beneficiary agree to the following reimbursement provision. Martin Shenkman, Forbes, 12 Dec. 2021 Moreover, when the settlor dies, any spendthrift provisions in the trust will be respected — just like any other trust — to protect the trust assets from the creditors of beneficiaries. Jay Adkisson, Forbes, 11 July 2022 The settlor of an NFA Trust may be a trustee and may appoint other persons over the age of 18 as trustees, which allows anyone listed as a trustee to legally possess the firearm(s) as trust property. Alan Gassman, Forbes, 24 June 2022 Grantor trusts appear to remain so they will be taxed to the settlor (or other person who is deemed the grantor for income tax purposes). Martin Shenkman, Forbes, 1 Nov. 2021 First, that will require that the trust expressly prohibit trust income being used to pay for life insurance premiums on your life as the settlor of the trust. Martin Shenkman, Forbes, 17 Sep. 2021 Review grantor trusts for the potential benefits of swapping appreciated assets into the settlor's estate to gain a basis step-up on death. Martin Shenkman, Forbes, 23 June 2021 Trusts originated in England during the Crusades, to hold the assets of one person (called the settlor) by another person (the trustee) for the benefit of a third (the beneficiary). Robin Kaiser-schatzlein, The New Republic, 22 June 2021 The trustees are puppets; the settlor still controls the asset in practice. Nicholas Confessore, New York Times, 30 Nov. 2016 See More

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'settlor.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

Word History

First Known Use

1818, in the meaning defined above

Time Traveler
The first known use of settlor was in 1818

Dictionary Entries Near settlor

Cite this Entry

“Settlor.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/settlor. Accessed 30 Jan. 2023.

Legal Definition

settlor

noun
: a person who creates a trust compare beneficiary sense a, trustee sense 2a

More from Merriam-Webster on settlor

Last Updated: - Updated example sentences
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