What is a “Settlor?”

An express Trust arises as a result of a conscious decision on the part of the settlor to make a Trust. Every express Trust must have a settlor. In simple terms, if I own a property which I wish to have put into a Trust, I appoint trustees who will then hold the property on trust for the benefit of the beneficiaries. The Trust is an expression of the Settlor’s wishes. It is he at the outset who owns the property in question and his decision to create the Trust.

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