trust — n 1 a: a fiduciary relationship in which one party holds legal title to another s property for the benefit of a party who holds equitable title to the property b: an entity resulting from the establishment of such a relationship see also… … Law dictionary
settlor — set·tlor / set ˌlȯr, set əl ˌȯr/ n: a person who creates a trust compare beneficiary a, trustee 2a Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
Trust law in England and Wales — is the original and foundational law of trusts in the world, and a unique contribution of English law to the legal system. Trusts are part of the law of property, and arise where one person (a settlor ) gives assets (e.g. some land) to another… … Wikipedia
trust document — England, Wales A legal document which may be a deed or other instrument, that creates a trust. The trust document appoints the trustees and states the terms of the trust, including who the beneficiaries (beneficiary) are and the trust property… … Law dictionary
settlor — set‧tlor [ˈsetlə ǁ ər] noun [countable] LAW a person who gives property or goods to someone under an agreement, especially a will (= a statement saying who you want to have your property and money after you die): • It is important that settlors… … Financial and business terms
settlor — [set′lər] n. Law 1. a person who makes a settlement of property 2. a person who creates a trust by conveying property to a trustee; trustor … English World dictionary
trust property — England, Wales The assets given by a settlor to a trust (and the assets that from time to time represent them) to be held by the trustee under the terms of the trust, including any accumulated income. Practical Law Dictionary. Glossary of UK, US… … Law dictionary
Trust law — In common law legal systems, a trust is an arrangement whereby property (including real, tangible and intangible) is managed by one person (or persons, or organizations) for the benefit of another. A trust is created by a settlor, who entrusts… … Wikipedia
Trust (Recht) — Ein Trust ist im juristischen Sinn eine von einer Person unter Lebenden[1] oder für den Todesfall[2] geschaffenen Rechtsbeziehung,[3] wenn Vermögen zugunsten eines Begünstigten oder für einen bestimmten Zweck abgesondert und der gebundenen… … Deutsch Wikipedia
trust — A legal entity created by a grantor for the benefit of designated beneficiaries under the laws of the state and the valid trust instrument. The trustee holds a fiduciary responsibility to manage the trust s corpus assets and income for the… … Black's law dictionary
Settlor — In law a settlor is a person who settles property on express trust for the benefit of beneficiaries. In some legal systems, a settlor is also referred to as a trustor, or occasionally, a grantor or donor. [In common law legal systems outside of… … Wikipedia