"Trustor" Example Sentences
1. The trustor established the trust for the benefit of his children.
2. The trust agreement named the trustor's spouse as sole trustee.
3. The trustor funded the trust with stocks and bonds.
4. The trustor can also serve as trustee of his own trust.
5. The trustor retained the right to revoke or amend the trust.
6. The trustor designated successor trustees in the trust agreement.
7. The trustor transferred ownership of his assets to the trust.
8. The trustor signed the documents creating the irrevocable trust.
9. The trustor intended for the trust assets to avoid probate.
10. The settlor or trustor is the person who creates and funds the trust.
11. The trustor named his three children as beneficiaries of the trust.
12. The trustor funded the trust with $1 million during his lifetime.
13. The trustor amended the trust to provide for a contingent beneficiary.
14. The trust agreement identified the trustor's powers and duties.
15. The trustor intended for the trust assets to remain in the family.
16. The trustor signed a deed transferring real property to the trust.
17. The trustor has the power to remove and replace trustees.
18. The rights of the trustor depend on the type of trust created.
19. The trustor designated successor beneficiaries in the trust instrument.
20. The trust assets belong to the trust but remain under the control of the trustor.
21. The trustee owes fiduciary duties to the trustor and beneficiaries.
22. The interests of the trustor must be balanced with those of the beneficiaries.
23. The trustor controls any retained interests during the trust term.
24. The trustor has the duty to fund the trust according to the terms.
25. The trustor can retain the right to revoke, amend or modify the trust.
26. The trustor relinquishes control of the trust assets to the trustee.
27. The trustor and beneficiaries are considered parties to the trust agreement.
28. The trustee must administer the trust for the sole benefit of the trustor and beneficiaries.
29. The trustor intended to minimize estate taxes through the use of the trust.
30. The trustor can restrict the powers of the trustee through the trust instrument.
31. The interests of the trustor and beneficiaries must be balanced ethically.
32. The duty of loyalty extends from the trustee to both the trustor and beneficiaries.
33. The trustor intended for trust assets to supplement beneficiaries' needs.
34. The trustor typically retains the power to remove and appoint successor trustees.
35. The trustor approves of the trust's investment strategy and objectives.
36. The trust usually specifies termination instructions from the trustor.
37. The trustor grants powers and sets limitations for the trustee in the trust instrument.
38. The trustee provides fiduciary accounting reports to the trustor and beneficiaries.
39. The trustor often sets distribution standards in the trust instrument.
40. The primary duty of the trustee is to carry out the trustor's intent.
41. It is a good idea for the trustor and trustee to have similar investment goals.
42. The trustor approves trust modifications and amendments.
43. The trustee must communicate with the trustor to understand his investment goals.
44. The trustor approves trustee compensation outlined in the trust.
45. The trust assets legally belong to the trust but serve the interests of the trustor and beneficiaries.
46. The trustor or settlor retains some control of the trust even after its creation.
47. The duty of prudence obligates the trustee to protect the interests of the trustor and beneficiaries.
48. The trustee has the duty to inform and communicate with both the trustor and beneficiaries.
49. The trustee acts as a fiduciary on behalf of the interests of the trustor and beneficiaries.
50. The trustor and beneficiaries depend on the trustee to administer the trust properly.
51. The duty of impartiality requires the trustee to balance the interests of the trustor and beneficiaries.
52. The trustor establishes the trust and defines the duties and powers of the trustee.
53. The trustor funds the trust in order to achieve specific estate planning goals.
54. The trustee does not own the trust assets but manages them for the benefit of the trustor and beneficiaries.
55. Both the trustor and beneficiaries can enforce the terms of the trust agreement.
56. The trustor retains an equitable interest in the trust even after it is created.
57. The trustee provides trust accountings to inform both the trustor and beneficiaries.
58. The trustee owes a duty of candor and open communication to the trustor and beneficiaries.
59. The trust agreement typically outlines the powers and duties of the trustor, trustee and beneficiaries.
60. The trustee must balance the interests, needs and circumstances of both the trustor and beneficiaries in ethical decision making.
Common Phases
1. the settlor or
trustor
2. the
trustor's intent
3. the
trustor and beneficiaries
4. the interests of the
trustor
5. powers of the
trustor
6. duties owed to the
trustor
7. at the direction of the
trustor
8. for the benefit of the
trustor
9. at the discretion of the
trustor
10. pursuant to the
trustor's instructions