Assertion: trust | /r/HasProperty | the settlor
Facets:
Source sentences:
text: Most of the new Code is elective in that the creator of a trust (the “settlor”) can override the provisions of the Code in the trust instrument.
text: A trust is a way of holding and managing property, whereby the person setting up the trust (called the grantor, settlor, or trustor) transfers property to a trustee, who manages the property for the benefit of others (called beneficiaries).