Jargon Buster - Definition of Settler

Please select your letter of choice below to see the list of terms:

Settler

is the person who sets up a trust. For a life insurance trust, this is usually the policyholder of the life insurance whom will then appoint additional trustees to settle his trust in the event of his death. The settler can also less frequently be referred to as the grantee, grantor or trustor.

Please note that all definitions are intended for general guidance only. For official and current definitions you should always double check your policy wording.

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