what is a settlor trust
In law a settlor is a person who settles property on trust law for the benefit of beneficiaries. In some legal systems, a settlor is also referred to as a trustor, or occasionally, a grantor or donor. Where the trust is a testamentary trust, the settlor is usually referred to as the testator.The settlor may also be the trustee of the trust (where he declares that he holds his own property on trusts) or a third party may be the trustee (where he transfers the property to the trustee on trusts). certainty of intention-whether the settlor (or testator) has manifested an intention to create a trust. 2  certainty of subject matter-whether the property identified as being settled is sufficiently accurately identified. 3  certainty of objects-the beneficiaries must be clearly ascertainable within the perpetuity period.