settlor

noun
set·​tlor | \ ˈset-ˌlȯr How to pronounce settlor (audio) , ˈse-tᵊl-ˌȯr \

Definition of settlor

: one that makes a settlement or creates a trust of property

Examples of settlor in a Sentence

Recent Examples on the Web 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

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.

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First Known Use of settlor

1818, in the meaning defined above

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Time Traveler for settlor

Time Traveler

The first known use of settlor was in 1818

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Dictionary Entries Near settlor

settling reservoir

settlor

set to

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Last Updated

28 Sep 2021

Cite this Entry

“Settlor.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/settlor. Accessed 18 Oct. 2021.

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More Definitions for settlor

settlor

noun
set·​tlor | \ ˈset-ˌlȯr, ˈset-ᵊl-ˌȯr How to pronounce settlor (audio) \

Legal Definition of settlor

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

More from Merriam-Webster on settlor

Britannica.com: Encyclopedia article about settlor

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