settlor
/ˈsɛtlər/
noun
- A person who creates a trust by transferring property or assets to a trustee to manage for the benefit of others.
- The lawyer explained that the settlor must sign the trust document in front of a notary.
- As the settlor, she had the right to change the terms of the trust while she was alive.
- The settlor of the trust specified that the money be used for her grandchildren's education.
Antonyms