Settlor definition

Settlor means a person, including a testator, who creates, or contributes property to, a trust. If more than one person creates or contributes property to a trust, each person is a settlor of the portion of the trust property attributable to that person's contribution except to the extent another person has the power to revoke or withdraw that portion.

Settlor shall have the meaning defined in the preamble hereto.

Settlor means that term as defined in section 7103 of the estates and protected individuals code, 1998 PA 386, MCL 700.7103.

Examples of Settlor in a sentence

• The Trustee (and any substitute or successor) shall have the right, by a 28 duly acknowledged instrument delivered to the Settlor to resign as Trustee in which event the 29 Settlor shall designate and appoint a substitute or successor Trustee (subject to the prior written 30 approval of the Director, U.S. Office of Government Ethics) in its place and stead, which shall 1 have all of the rights, powers, discretions, and duties conferred or imposed hereunder upon the 2 original Trustee.

• Except as provided in Article SEVENTH of this Trust, the Fiduciaries 21 shall make no accounting to the Settlor until the date of termination of this Trust, and, at such 22 time, they shall be required to make full and proper accounting and turn over to the Settlor all 23 assets of the Trust then held by them the said Fiduciaries.

More Definitions of Settlor

Settlor means a person who provides trust property or makes a testamentary disposition on trust or to a trust;

Settlor means a person, including a testator, who creates, or

Settlor means VCI, as settlor under the Origination Trust Agreement.

Settlor means a person, including a testator, who

Settlor means the same as that term is defined in Section 75-7-103.

Settlor shall have the meaning stated in the first "Whereas" clause set forth above.

Settlor means a person, including a testator, who creates a trust.