Posts Tagged: settlor

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Trust Beneficiary: Break it Down

What’s It All For? In Hamilton: An American Musical, a perplexed Alexander Hamilton asks Aaron Burr, “What was it all for?” Regarding trusts, we know that all the work is for the beneficiary. Classic Definition of “Trust” and “Beneficiary” A trust is created when a property owner transfers property to a person with the intent… Read more »

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(Legal) Word of the Day: Property

Three Parties I’ve previously written about the three parties necessary for every trust: (1) the settlor (sometimes called the donor or grantor); (2) the trustee; and (3) the beneficiary. Two Other Elements Besides three parties, at least two other elements are necessary for a valid trust. The trust instrument is the document that sets forth… Read more »

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Three Parties to a Trust & the Doctrine of Merger

A trust really isn’t as complicated as it first may seem. After all, there are only three parties to a trust. A Settlor, Trustee, & Beneficiary A trust is created when a property owner transfers the property to a person with the intent that the recipient holds the property for the benefit of someone else…. Read more »