Settlor

THIS TRUST INDENTURE made this 1st day of April, 1957, by and between EDWARD S. HANDY, (hereinafter referred to as the "Settlor"), of the first part, and PEOPLES NATIONAL BANK OF CHARLOTTESVILLE, (hereinafter referred to as the "Trustee"), of the second part

Board of Visitors minutes 1957

A trust is created when a person (the "Settlor") transfers property, such as money, real estate, or stock, to another individual or entity (the "Trustee") to hold for the benefit of specified persons (the "Beneficiaries"), subject to specified terms, and to distribute according to the Settlor's instructions.

unknown title 2009

The interest of the Settlor in a room devoted exclusively to housing the Far Places Collection of the University of Virginia arises out of a conviction that the collection will thus be more effective as an instrumentality for strengthening and perpetuating the Jefferson tradition of both liberal and applied arts at the University of

Board of Visitors minutes 1957

This trust shall be irrevocable from the date of execution of this Indenture by the Settlor and its delivery to and acceptance by said Trustee.

Board of Visitors minutes 1957

WHEREAS, the Settlor desires to create an irrevocable trust for the purposes hereinafter mentioned,

Board of Visitors minutes 1957

First, where a settlor creates a trust with an initial transfer of $100, but the Trustee contributes about $70,000 to that same trust, who is the real Settlor?

Forbes.com: News Lewis Saret 2011

The parties who may consent to modification include the Settlor (if alive), the Beneficiaries, and the Trustee.

unknown title 2009

In the situations described above, the Settlor, the Beneficiaries, or the Trustee of an irrevocable trust may modify the trust's terms to prevent waste and ensure that the trust's property is put to its intended use.

unknown title 2009

The Settlor and all Beneficiaries may agree to modify or terminate the trust for any purpose, even for a reason inconsistent with the stated purpose of the trust.

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In the trust document, the Settlor instructs the Trustee as to how the trust assets may be managed and how and when trust assets may be distributed to the Beneficiaries.

unknown title 2009