Synonymer & Anagram | Engelska ordet SETTLOR

Exempel på hur man kan använda SETTLOR i en mening

• In the English common law, the party who entrusts the property is known as the "settlor", the party to whom it is entrusted is known as the "trustee", the party for whose benefit the property is entrusted is known as the "beneficiary", and the entrusted property is known as the "corpus" or "trust property".
• A Totten trust (also referred to as a "Payable on Death" account) is a form of trust in the United States in which one party (the settlor or "grantor" of the trust) places money in a bank account or security with instructions that upon the settlor's death, whatever is in that account will pass to a named beneficiary.
• The spendthrift clause has three general exceptions to the protection afforded: the self-settled trusts (if the settlor of a trust is also a beneficiary of a trust), the case when a debtor is the sole beneficiary and the sole trustee of a trust, and the support payments (a court may order the trustee to satisfy a beneficiary's support obligation to a former spouse or minor child).
• Certainty of intention: Must be real intention by the settlor to dispose of property and create trust, not just make a gift – a trust also can't be created contrary to the intention of the settlor alleged to have created it: Commissioner of Stamp Duties (Qld) v Jolliffe.
• Blind trusts are generally used when a trust creator (sometimes called a settlor, trustor, grantor, or donor) wishes for the beneficiary to be unaware of the specific assets in the trust, such as to avoid conflict of interest between the beneficiary and the investments.
• In the United States, a bypass trust is an irrevocable trust into which the settlor deposits assets and which is designed to pay trust income and principal to the settlor's spouse for the duration of the spouse's life.
• This includes "he who comes to equity must come with clean hands" (that is, the court will not assist a claimant who is himself in the wrong or acting for improper motives), laches (equitable remedies will not be granted if the claimant has delayed unduly in seeking them), "equity will not assist a volunteer" (meaning that a person cannot litigate against a settlor without providing the appropriate consideration, for example, Money) and that equitable remedies will not normally be granted where damages would be an adequate remedy.
• If the settlor dies within seven years of the settlement, the initial 20% charge will be recalculated as if it were a PET, and if that is more than the tax already paid, the balance will be due (but there is no repayment if the recalculation produces a lower result).
• In some legal systems, a settlor is also referred to as a trustor, or occasionally, a grantor or donor.
• For a testamentary trust, as the settlor is deceased, they will generally not have any influence over the trustee's exercise of discretion, although in some jurisdictions it is common for the testator to leave a letter of wishes for the trustee.
• "advanced" under general applicable intestacy rules or family/other trusts by the donor (also known as a settlor where an express trust has been made or as an intestate where he has deceased and had no valid Will); or.
• Where the discretionary trust is a testamentary trust, it is common for the settlor (or testator) to leave a letter of wishes for the trustees to guide them as to the settlor's wishes in the exercise of their discretion.
• Both individual and corporate trustees may charge fees for their services, although individual trustees typically serve gratis when they are part of the settlor's family or the settlor him/herself.
• However, the accepted IHT treatment, as has been tested many times and accepted by HM Revenue and Customs (HMRC), is that this right to an income for life has no value once the settlor has died, and therefore no money has to be returned.
• The courts are willing to hear cases where the transfer was not completed, providing the intended beneficiaries or trustees have gained an interest through being made executor of the settlor's estate (the rule in Strong v Bird), or the gift was given donatio mortis causa, or where the settlor did all he could do, as in Re Rose, or where it would be "unconscionable" to hold the gift invalid, as in Pennington v Waine.

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