Assertion: trust's settlor | /r/CapableOf | create the trust
Facets:
value: in order to transfer his or her assets
type: PURPOSE
value: deliberately
type: MANNER
Source sentences:
text: Unless a settlor expressly reserves such power when creating the trust, she cannot modify its payment provisions.
text: This arrangement usually occurs when a settlor creates a trust for the benefit of a military academy or a state college, or when the settlor sets aside property as a park for the community.
text: The settlor has much discretion when creating the trust, subject to some limitations imposed by law.
text: A “settlor” is the person who creates the trust.
text: A trust generally involves three "persons" in its creation and administration: (A) a settlor or grantor who creates the trust; (B) a trustee who administers and manages the trust and its assets; and (C) a beneficiary who receives the benefit of the administered property in the trust.
text: In an express trust, the settlor indicates an intention to and deliberately creates the trust, while a non-express trust is one that arises by operation of law, such as when created by statute or by judges, such as a constructive trust.
text: The grantor or settlor is the person who creates the trust in order to transfer his or her assets.
text: The settlor is the person or entity who creates the trust.
text: A settlor is the person who creates and funds the trust.
text: When a settlor creates a trust, the settlor creates a separate legal entity.