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.

Context

This term is commonly used in the context of trust administration in Switzerland. Understanding this concept is essential for international families, entrepreneurs and legal professionals considering or managing trust structures administered from Switzerland.

Related terms

• 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...