Settlor example sentences

1. The settlor is the person who creates a trust.
2. A settlor puts money into a trust for their family.

1. The settlor decided to give her house to the trust before she got sick.
2. When the settlor dies, the trustee takes care of the money.

1. The settlor wanted to avoid probate, so she set up a trust with her lawyer's help.
2. He became the settlor of his own trust and kept control over all the decisions.

1. The settlor's choice to make the trust irrevocable meant she couldn't change it later, even if circumstances changed dramatically.
2. As settlor, she had to carefully consider tax implications before transferring her business assets into the trust structure.

1. The settlor's articulation of her intent within the trust document proved crucial when the beneficiaries later disputed the distribution scheme.
2. What distinguishes a settlor from other parties is the settlor's capacity to establish the initial terms that bind all subsequent actions of the trustee.

1. The settlor's death triggered the irrevocable nature of the trust, transforming what had been a flexible arrangement into a fixed instrument governed entirely by the settlor's documented wishes.
2. In establishing herself as both settlor and initial trustee, she navigated the delicate balance between maintaining control and ensuring the trust's credibility with beneficiaries who might otherwise question her impartiality.

🏠 Everyday Life

1. My dad sat down with us last Sunday and explained that he'd become the settlor of a trust to protect the house.
2. She mentioned over coffee that her settlor grandmother had left everything in a trust, which is why the money comes out slowly.

💼 Workplace

1. The settlor of the company's employee benefit trust decided to increase contributions this year.
2. Our HR manager explained that the settlor had designated the trust to cover medical expenses for retired employees.

📊 Business

1. The settlor structured the trust to allow for business succession without triggering a sale of the company.
2. As settlor, the founder ensured that the trust could hold the intellectual property and licensing agreements.

🛒 Buying / Shopping

1. The real estate agent asked if the settlor wanted to put the property directly into the trust or transfer it later.
2. I was confused about whether the settlor could still use the house if it was in the trust.

✈️ Travel

1. While traveling abroad, the settlor realized she should have named a backup trustee before leaving the country.
2. He worried during his trip that as settlor, he should be back home managing the trust's investments.

📚 Education

1. The law professor explained that a settlor must have legal capacity and clear intent to create a valid trust.
2. My daughter's college trust was set up by her grandmother as settlor when she was born.

❤️ Relationships

1. When they got married, he became the settlor of a trust that would protect her financially if something happened to him.
2. She felt hurt when her mother became the settlor of a trust that excluded her from the family business.

📰 News / Politics

1. The settlor of the foundation announced a major donation to public schools in the district.
2. Investigators questioned whether the settlor had properly disclosed the trust's assets to tax authorities.

💻 Technology

1. The new estate planning app asks you to identify yourself as the settlor and then guides you through creating a digital trust.
2. The blockchain-based trust platform allows the settlor to update beneficiary information in real time.

📝 Formal Writing

1. The settlor hereby declares that all property transferred to this trust shall be held for the benefit of the named beneficiaries.
2. In accordance with state law, the settlor must execute the trust document with proper notarization and witness signatures.