Sentence examples for the settlor from inspiring English sources

Under the amended directive, they would have to register and disclose the identity of the settlor (the person behind the trust), the trustee and beneficiaries.

Trustees can be guided by a "letter of wishes", which may allow the settlor to control assets even though legally they do not belong to him.

Confusingly, ownership is split: the trustee is the legal owner, while the beneficiaries or the settlor, or both, can at different times exercise beneficial ownership or control who gets the money.

Restrictions placed on a trust fund by the settlor (the donor who established the trust) are considered to be voluntary, even if they are involuntary from the beneficiary's perspective.

An early draft of the directive included a requirement that the settlor's letter of wishes and the trust deed also be made public, but this was dropped during the horse-trading in committee.That concession has done little to pacify the trust industry.

It is intended that the trust assets will comprise shares in two underlying companies: the holding company of the settlor's Latin American business empire is incorporated as an exempt company in Bermuda; and an IBC [international business corporation] incorporated in [the British Virgin Islands] holding a portfolio of stocks and shares.

The maker ("settlor") of the trust will convey property to the trustee (who may be an individual or a corporation, such as a bank or trust company) and instruct the trustee to hold and manage the property for the benefit of one or more beneficiaries of the trust.

Contracts should be structured as three-way trust relationships where possible, with the government as settlor, the contractor as trustee, and the affected population as beneficiary.

The following is a typical client scenario from one of the Step training manuals: The proposed settlor [client] is a Brazilian national, but has been living in Canada for the last 15 years where he considers his permanent home to be.

You would have no idea who the trust settlors were, what the assets were or where they came from.

John Christensen of the Tax Justice Network, a pressure group, terms them "one of the biggest nuts yet to be cracked".A trust typically involves three main parties: a settlor (who donates the assets), a trustee (who manages the arrangement) and beneficiaries (who are to receive the funds in future).