Q:

Who is the settler on a trust certification?

A:

Quick Answer

A settler typically is the one who has funded the trust and who is the trust's trustee, or title holder, until he dies, notes the Danna McKitrick, P.C. Attorneys At Law website. While the settler is alive, the settler along with his spouse can also serve as a beneficiary of the trust.

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Full Answer

The settler has control over the trust and the power to change it or revoke it, states the McKitrick website. Changes may be necessary if there is a change in marital status or a disability. After the settler dies, the trust is transferred to the designated beneficiary, states Cornell University Law School.

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