what is the role of the person mentioned in the beginning?
In law a settlor is a person who settles property on trust law for the benefit of beneficiaries.
Settlor
In law a settlor is a person who settles property on trust law for the benefit of beneficiaries.
how can a settlor create an express trust They can create a trust if they are capable of holding property. when is such a trust considered to be valid? Its instrument must show certainty of intention, subject matter and object. who is considered to be capable of creating these? Generally speaking, anyone capable of holding property can create a trust. are there any exceptions? Yes, for statutory bodies and corporations, and minors who usually cannot hold property can, in some circumstances, create trusts these stipulations for creating these trusts are a part of which legal system? English Law.
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Settlor [SEP] Introduction
In law a settlor is a person who settles property on trust law for the benefit of beneficiaries. In some legal systems, a settlor is also referred to as a trustor, or occasionally, a grantor or donor. Where the trust is a testamentary trust, the settlor is usually referred to as the testator. The settlor may also be the trustee of the trust (where he declares that he holds his own property on trusts) or a third party may be the trustee (where he transfers the property to the trustee on trusts). In the common law of England and Wales, it has been held, controversially, that where a trustee declares an intention to transfer trust property to a trust of which he is one of several trustees, that is a valid settlement notwithstanding the property is not vested in the other trustees.