Glossary Item

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Settlor

The person who establishes a trust by gifting assets to it.

Having made the gift, a settlor is usually supposed to have no further influence over a trust but in many tax havens / secrecy jurisdictions that is not the case and the settlor often remains in complete control of the assets of the trust despite having supposedly gifted them for the benefit of others. These trust arrangements can be considered to be shams by some other jurisdictions.


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