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
Source: WordNetAn ancient king (settlor) grants property back to its previous owner (beneficiary) during his absence, supported by witness testimony (trustee). Source: Internet
Courts may generally recognize spendthrift clauses against trust beneficiaries and their creditors, but not against creditors of a settlor. Source: Internet
In medieval English trust law, the settlor was known as the feoffor to uses while the trustee was known as the feoffee to uses and the beneficiary was known as the cestui que use, or cestui que trust. Source: Internet
In the case of discretionary trusts, where the trustees have power to decide who the beneficiaries will be, the settlor must have described a clear class of beneficiaries ( McPhail v Doulton ). Source: Internet
Creation Trusts may be created by the expressed intentions of the settlor ( express trusts ) citation or they may be created by operation of law known as implied trusts. Source: Internet
In a hybrid trust, the trustee must pay a certain amount of the trust property to each beneficiary fixed by the settlor. Source: Internet