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A trustor is also calld a grantor, donor or settlor. A trust is a separate legal entity that holds property or assets of some kind for the benefit of a specific person, group of people or organization known as the beneficiary/beneficiaries. When a trust is established, an individual or corporate entity is named to oversee or manage the assets in the trust. (n) The person who transfer his property to the benefit of a beneficiary under a trust deed or declaration is called Trustor or settler. By the trust deed he disowns his right in the property specified in the trust deed. A trustor can also become a beneficiary under the trust formed by him. Definition of a “Grantor, Settlor, or Trustor” of a Trust.
settlor. bestower, conferrer, donor, giver, presenter - person who makes a gift of property. law, jurisprudence - the collection of rules imposed by authority; "civilization presupposes respect for the law"; "the great problem for jurisprudence to allow freedom while enforcing order". A trustor is an individual or organization that gifts funds or assets to others. Trustors do this by transferring his or her fiduciary duty to a third-party trustee, who maintains the assets for trustor n. the creator of a trust (who normally places the original assets into the trust), called a "settlor" or "donor" in many states. Trustor is a title used primarily in western states.
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Translate thrusters in Swedish with contextual examples
Trustors do this by transferring his or her fiduciary duty to a third-party trustee, who maintains the assets for trustor n. the creator of a trust (who normally places the original assets into the trust), called a "settlor" or "donor" in many states.
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DEFINITION av "Trustor". En individ eller organisation som presenterar pengar eller tillgångar till andra genom att överföra förvaltningsskyldighet till en tredje
Bidragsgivaren kan också betecknas settlor, trustmaker eller trustor.
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Real Estate Term Trustor definition and explanation. Thousands of students use our handy guide and sample tests to prepare for and pass the Real Estate Salesperson & Broker exams. A blind trust can be a revocable trust, meaning the trustor can make any changes to the trust, trustee, and terminate the trust.
noun.
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BREAKING DOWN Trustor Also referred to as a grantor , the trustor is the party that generally donates or gifts Trustor meaning. Trustor. meaning. Settlor. Definition of trustor in the Definitions.net dictionary. Meaning of trustor. Information and translations of trustor in the most comprehensive dictionary definitions resource on the web.
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Trustor.
settlor. bestower, conferrer, donor, giver, presenter - person who makes a gift of property. law, jurisprudence - the collection of rules imposed by authority; "civilization presupposes respect for the law"; "the great problem for jurisprudence to allow freedom while enforcing order". A trustor is an individual or organization that gifts funds or assets to others. Trustors do this by transferring his or her fiduciary duty to a third-party trustee, who maintains the assets for trustor n. the creator of a trust (who normally places the original assets into the trust), called a "settlor" or "donor" in many states.