0 a person who creates a trust (= legal arrangement to manage the assets of someone else) and puts money, property, etc. into it: --
Capital is gifted into the trust by a settlor via investment bonds to named beneficiaries.
It is saving for the benefit of the settlor money which in truth should belong to the creditors of the bankrupt.
I used it merely as an illustration of where a settlor had reserved to himself, for good reasons, the right of revocation.
There are numerous other references to the settlor.
For existing private settlements it will be 21, but it is of course open to settlors to alter it to 18 if they wish.
One may need to have regard to the total of the settlement or the total income of the settlor.
It is really consistent with the intentions of the settlor that the advance should be made.
But the court could upset the settlor's intention, which would be defeated.
We are asking only that the solicitor or other professional adviser should give the name and address of the settlor.
