Settlor

A settlor is a person who creates a trust by intentionally transferring property or assets into it. They establish the trust’s terms, specifying how the assets should be managed and distributed to beneficiaries. Essentially, the settlor sets up the legal framework for the trust, ensuring their assets are handled according to their wishes even after their death or incapacity. The settlor's role is crucial in defining the purpose and scope of the trust, making it a key element in estate planning and asset management.