Settlor

• Contracts should be structured as three-way trust relationships where possible, with the government as settlor, the contractor as trustee, and the affected population as beneficiary. ❋ David Isenberg (2011)

Generally speaking, a trustee administers a trust, which Black's Law Dictionary defines as a property interest held by the trustee at another's request (the settlor) for a third party's benefit (beneficiary) according to the trust's terms or those of any relevant will if the trust is created in that document. ❋ Frazer C. Rice (2010)

Because a testator or the settlor of a trust is not a state actor, there are no constitutional dimensions to his choice of beneficiaries. ❋ Unknown (2009)

In this real world context, the main role that the RAP has to play is to generate drafting errors that can be used to defeat a legitimate intent of the settlor. ❋ Unknown (2007)

For 200 years the rule against accumulations of income, which limits the time during which a settlor may direct the trustee to accumulate and retain income in trust, has lurked in the shadow of its older and more distinguished cousin, the Rule Against Perpetuities. ❋ Unknown (2006)

Finding “that deviation is permissible when, due to circumstances unanticipated by the settlor, modification of an administrative requirement would advance the trust's purpose,” the Court permitted the Church to sell the building it had outgrown. ❋ Howard M. Friedman (2005)

Settlements of property within the two years preceding the bankruptcy, unless made before and in consideration of marriage, or made in good faith for valuable consideration, are also void, as are similar settlements within ten years, unless it is proved that the settlor was (independently of the settled property) solvent at the date of the settlement, and that the interest in the property passed to the trustees on the execution of the deed. ❋ Various (N/A)

State and as to which the settlor reserved the right to control disposition and to direct payment of income for life, such reserved powers being equivalent to a fee. ❋ Edward Samuel Corwin (1920)

_ Wisconsin, [517] the domiciliary State of the creator of a trust was held competent to levy an inheritance tax, upon the death of the settlor, on his trust fund consisting of stocks, bonds, and notes kept and administered in another ❋ Edward Samuel Corwin (1920)

A settlor can only extend the trust for the life or lives in being and twenty-one years, and any attempt to extend the trust beyond this period vitiates it in toto. ❋ 1840-1916 (1913)

The powers of trustees are general and special — those which arise by construction of law incident to the office, and those provided by the settlor. ❋ 1840-1916 (1913)

The settlor may designate whomsoever he wishes and vest in that person the power to appoint succeeding trustees, though sometimes the power is placed with the cestui que trust and sometimes with the settlor. ❋ 1840-1916 (1913)

A court of equity will take jurisdiction for the purpose of carrying out executory trusts and seeing that the instrument which purports to fulfil the intention of the settlor really does so, and will reform conveyances where the intentions of the settlor have not been clearly set out. ❋ 1840-1916 (1913)

An express trust is one which is created by the direct words of the settlor. ❋ 1840-1916 (1913)

For the creation of a valid trust there are three essentials: a definite subject matter within the disposal of the settlor; a lawful definite object to which the subject matter is to be devoted; clear and unequivocal words or acts devoting the subject matter to the object of the trust (28 Am. and Eng.Ency. of Law, 866, title "Trusts and Trustees"). ❋ 1840-1916 (1913)

As a general rule, the trustee is appointed by the settlor and provision made for his successors. ❋ 1840-1916 (1913)

How far a devisee of a trust estate can execute the trust depends on the intention of the settlor expressed in the instrument. ❋ 1840-1916 (1913)

Government, a public officer in his private capacity or the settlor himself; even the beneficiary or cestui que trust may act as trustee providing there are other beneficiaries besides himself; so too a corporation may act in this capacity if not precluded by the terms of its charter. ❋ 1840-1916 (1913)

First, where a settlor creates a trust with an initial transfer of $100, but the Trustee contributes about $70,000 to that same trust, who is the real Settlor? ❋ Lewis Saret (2011)

Restrictions placed on a trust fund by the settlor the donor who established the trust are considered to be voluntary, even if they are involuntary from the beneficiary's perspective. ❋ By MARK KANTROWITZ (2011)