"Settlor" Example Sentences
1. The settlor created an irrevocable trust for the benefit of his children.
2. The settlor funded the trust with stock and cash assets.
3. The trust will terminate upon the death of the last surviving beneficiary, according to the terms set by the settlor.
4. The settlor retained the power to change the trustee of the trust during his lifetime.
5. The settlor named his spouse as the primary beneficiary of the trust income during her lifetime.
6. The settlor's intent in creating the trust was to provide for his family after his death.
7. The settlor signed the trust document on December 15, 2020, thereby creating and establishing the trust.
8. The initial trustee of the trust was the settlor's son, as designated by the settlor.
9. The settlor's intent should govern the administration and interpretation of the trust.
10. The settlor fully funded the trust upon its creation with over $1 million in assets.
11. As settlor, he reserved the right to modify or amend certain terms of the trust during his lifetime.
12. The trust agreement lists the settlor's children as the remainder beneficiaries upon termination of the trust.
13. The settlor appointed his accountant as successor trustee in the event that the initial trustee could no longer serve.
14. The provisions of the trust must be carried out in accordance with the settlor's intent and instructions.
15. The trustee owes a fiduciary duty to act in the best interests of the beneficiaries, as directed by the settlor.
16. The settlor did not retain any beneficial interest in the trust during his lifetime.
17. Upon creation of the trust, legal title to the assets was transferred to the trustee while equitable title remained with the beneficiaries.
18. The trust became irrevocable upon the death of the settlor.
19. The role of the settlor ends upon execution of the trust document and funding of the trust.
20. As settlor, he specified that the trust income should first be used for the support, health and education of his grandchildren.
21. The trust was established for the primary purpose of managing assets for the benefit of the beneficiaries during their lifetimes.
22. The original trust assets consisted of securities and real estate contributed by the settlor.
23. The settlor was careful to ensure that the terms of the trust accurately reflected his intentions.
24. The settlor granted the trustee broad authority and discretion to administer the trust in accordance with its terms.
25. The trustee has a duty to invest and manage the trust assets prudently, as directed by the terms established by the settlor.
26. The trust becomes irrevocable upon the death, incapacity or resignation of the settlor.
27. Proposed changes to the trust require the consent of the settlor while he remains competent.
28. One of the primary goals of the settlor in creating the trust was to minimize estate taxes upon his death.
29. The settlor expressly prohibited any commingling of trust funds with any other assets.
30. The settlor designated his children as the remainder beneficiaries, to equally divide the trust assets upon termination.
31. The initial funding of the trust established the res or trust property governed by the trust document.
32. The trust was intended to be a flexible instrument that could adapt to changing circumstances over time.
33. The trust provides instructions for distribution of the trust assets to the various beneficiaries upon the settlor's death.
34. The settling of a trust formally transfers assets from the settlor to the trustee.
35. The trust confers broad discretionary powers on the trustee to carry out the purposes and goals established by the settlor.
36. The settlor modified the trust terms after the birth of his first grandchild to provide for that grandchild.
37. The settlor could revoke or terminate the trust only if he expressly reserved that power when the trust was created.
38. Changes to the identity of the trustee require the consent of the settlor while he remains competent.
39. As settlor and creator of the trust, he established the terms that govern the trust.
40. An inter vivos trust becomes effective during the settlor's lifetime upon due execution and delivery of the trust document.
41. The settlor elected to establish a revocable living trust in order to maintain control over the trust assets during his lifetime.
42. Upon the death of the settlor, the trust became irrevocable and the terms fixed.
43. The settlor dictated that trust income should first be used to maintain his spouse's standard of living.
44. The settlor's intent in establishing the trust was to protect and preserve the assets for future generations of his family.
45. The trustee has a duty to preserve and maintain trust assets, per the instructions of the settlor.
46. The settlor retained the power to amend or modify certain terms of the trust during his lifetime.
47. All parties involved with the trust must respect and follow the directions and intentions of the settlor.
48. The trustee has a duty not to act in conflict with the interests of the beneficiaries, as defined by the settlor.
49. The creation and funding of the trust divested the settlor of legal title to the assets while establishing the trust.
50. The settlor may attach spendthrift provisions to restrict beneficiaries' ability to transfer their interests.
51. The trust assets are impressed with a fiduciary obligation, requiring the trustee to act in accordance with the settlor's intent.
52. The role of the trustee is to prudently manage and distribute the trust assets pursuant to the directions of the settlor.
53. The powers and duties of the trustee are derived from the trust instrument created and established by the settlor.
54. The settlor was careful to identify all intended beneficiaries and explicitly state their interests in the trust.
55. The trustee has a duty to discharge his duties solely in the interest of accomplishing the purposes established by the settlor.
56. The settlor provided instructions for distributing trust assets in the event that one of the beneficiaries dies.
57. The settlor designated successor beneficiaries in the event that one of the primary beneficiaries dies or becomes incompetent.
58. Testamentary trusts become effective upon the settlor's death and distribution of assets under his will.
59. The assets comprising the trust became subject to the terms and controls established by the settlor in the trust instrument.
60. The settlor's last will and testament refers to and incorporates the terms of the trust he established during his lifetime.
Common Phases
1. The
settlor created the trust to benefit his children.
2. The initial trust corpus was funded by cash gifts from the
settlor.
3. The
settlor retained the power to modify certain provisions of the trust.
4. The trustee questioned whether the
settlor's modifications to the trust were valid.
5. The
settlor had a legal right to revoke the trust and regain control of the trust assets.
6. The beneficiaries sued the
settlor for improperly revoking and modifying the trust.
7. The trustee serves at the pleasure of the
settlor and can be replaced at any time.
8. The
settlor's intent at the creation of the trust governs the actions of the trustee.
9. The trustee asked the
settlor for clarification on how to administer certain provisions.
10. The
settlor drafted the trust herself without the help of an attorney.
11. The ability of the
settlor to control and modify the trust is limited by trust law.
12. The
settlor's intent cannot override the fundamental rules governing trusts.
13. The intentions of the
settlor should be determined from the language of the trust instrument itself.
14. The
settlor drafted the trust to minimize taxes upon his death.
15. The trustee accused the
settlor of improperly trying to change beneficiaries.
16. The
settlor's modifications to the trust were challenged in court by the beneficiaries.
17. The
settlor stipulated that the trust survive his own death.
18. The
settlor gave the trustee complete discretion to make distribution decisions.
19. The
settlor retained the right to change trustees at his discretion.
20. The law holds the trustee, not the
settlor, responsible for proper trust administration.
21. The beneficiaries sued to block the
settlor's attempt to revoke the trust.
22. The trustee relied on the
settlor's advice when administering ambiguous trust provisions.
23. The
settlor funded the trust with proceeds from the sale of his business.
24. The
settlor's intent is paramount when interpreting ambiguous trust language.
25. The
settlor revoked the trust before his death, rendering it invalid.
26. The
settlor's intent cannot override the beneficiaries' legal rights under the trust.
27. The
settlor retained the power to modify trust provisions regarding trust investments.
28. The actions of the
settlor must adhere to fiduciary standards just like the trustee.
29. The trustee is bound to honor the
settlor's requests that conform to trust purposes.
30. The
settlor tried to modify beneficiaries after the initial trust funding.
31. The
settlor stipulated that the trust must spend 5% of its value annually for charity.
32. The
settlor drafted the trust to minimize estate taxes upon her death.
33. The
settlor stipulated that his son serve as successor trustee upon his death.
34. The
settlor provided funds to start the trust but made no further contributions.
35. The
settlor's intent can clarify but not contradict express trust provisions.
36. The
settlor established the trust to benefit his grandchildren's education.
37. The
settlor retained the right to remove any trustee at any time.
38. Courts will enforce the
settlor's intent and trust provisions that are lawful.
39. The
settlor's power to modify the trust was limited and required consent of the beneficiaries.
40. The
settlor funded the trust with $1 million upon its creation.
41. The
settlor modified trust provisions regarding successor trustees after the trust was created.
42. The
settlor retained the right to appoint additional beneficiaries.
43. The
settlor established an irrevocable trust that he could not modify or revoke.
44. The
settlor amended trust provisions to allow her daughter to serve as co-trustee.
45. The trustee argued that the
settlor's instructions were improperly modifying trust provisions.
46. The
settlor had a legal right to name himself as sole beneficiary of the trust.
47. The
settlor gave the trustee broad discretion to invade the trust corpus if needed.
48. The
settlor properly exercised his retained rights in accordance with trust terms.
49. The
settlor established a revocable trust that she could modify or revoke at any time.
50. The
settlor provided investments that seeded the initial trust corpus.
51. The
settlor funded the trust with proceeds from the sale of his home.
52. The
settlor established the trust to provide income for her spouse during his lifetime.
53. The
settlor improperly tried to circumvent express trust provisions.
54. The
settlor drafted ambiguous trust language that required trustee judgment to administer.
55. The
settlor funded the trust with proceeds from a life insurance policy.
56. Courts favor interpretations of ambiguous trust provisions that effectuate the
settlor's intent.
57. The trustee had discretion over trust investments within parameters defined by the
settlor.
58. The
settlor stipulated that all trust income be distributed annually to the beneficiaries.
59. The
settlor established the trust to make annual donations to his favorite charities.
60. The
settlor funded the trust with a variety of assets, not just cash.