Settlor Definition and Legal Meaning
On this page, you'll find the legal definition and meaning of Settlor, written in plain English, along with examples of how it is used.
What is Settlor?
(n) Settler is the person who transfer the rights and possession of the property owned by him with an agreement in writing where in the beneficiaries are named. Ex. A person executing a will to distribute his property after his death is a settler. A trustor transferring his property to a trust is also known as settler