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(Settlor Donor Grantee Version)

(Settlor Donor Grantee Version) 2025

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The document is a Deed of Appointment of Additional Trustees, allowing the Settlor/Donor/Grantee to appoint new trustees to an existing trust. It outlines important notes regarding legal responsibilities, identity verification for trustees, and the conditions under which the deed can be executed. The document includes sections for definitions, recitals, key provisions, and signature requirements, emphasizing the need for legal advice and proper completion.

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What is the difference between donor and settlor?

A settlor is someone who establishes a trust. Theyre known by several other names: donor, grantor, trustor, and trustmaker.

What are the three roles in a trust?

You can be the grantor/settlor who creates the trust. AND you can be the trustee who invests and manages the trust assets during your lifetime. AND you can be the beneficiary of the assets in the trust.

What is the difference between settler and settlor?

(noun) a negotiator who settles disputes. (noun) a clerk in a betting shop who calculates the winnings. settlor: (noun) (law) a person who creates a trust by giving real or personal property in trust to a trustee for the benefit of a beneficiary; a person who gives such property is said to settle it on the trustee.

What are the participants in a trust called?

A trust is a fiduciary1 relationship in which one party (the Grantor) gives a second party2 (the Trustee) the right to hold title to property or assets for the benefit of a third party (the Beneficiary). The trustee, in turn, explains the terms and conditions of the trust to the beneficiary.

Who is the person who is a settlor?

the settlor - the person who puts assets into a trust. the trustee - the person who manages the trust. the beneficiary - the person who benefits from the trust.

What are the titles of people in a trust?

A trust is when one person (trustee) holds title to property for the benefit of another person (the beneficiary). A person called the settlor (or trustor) creates the trust and puts the property in the trust. The settlor, trustee, and beneficiary can be different people.

Who are the three people in a trust?

The three main roles for people involved in a trust are the trustmaker, the trustee, and the beneficiaries. Each role is distinct, so knowing the difference in function is important.

Who are three main components in a trust?

One important factor in understanding how trusts work is knowing who is involved in a trust. There are three roles in a trust someone can fill: grantor, beneficiary, and trustee. Oftentimes, the same person can be in more than one of these trust roles at the same time.

(Settlor Donor Grantee Version) 2025

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