Settlor

Definition

The settlor is the person who creates a trust by transferring assets to a trustee. The settlor defines the terms of the trust deed, including the beneficiaries, the distribution framework and any governance provisions. Once a trust is irrevocable, the settlor generally relinquishes control over the assets.

Kontext

Dieser Begriff wird haeufig im Kontext der Trust-Verwaltung in der Schweiz verwendet. Das Verstaendnis dieses Konzepts ist wesentlich fuer internationale Familien, Unternehmer und Rechtsanwaelte, die Trust-Strukturen mit Verwaltung aus der Schweiz in Erwaegung ziehen oder verwalten.

Verwandte Begriffe

• AML (Anti-Money Laundering) — Anti-Money Laundering (AML) refers to the set of laws, regulations and procedures designed to preven...
• Asset Protection — Asset protection refers to strategies used to shield assets from potential claims, creditors or lega...
• Beneficial Ownership — Beneficial ownership refers to the natural person(s) who ultimately own or control an entity or trus...
• Beneficiary — A beneficiary is a person or entity designated to receive benefits from a trust, such as income, cap...
• Change of Trustee — A change of trustee is the process of replacing the existing trustee with a new one. This involves l...