Best Business Attorneys in New Britain, CT

Ever wondered about the term "trust settlor"? In the realm of trusts, the settlor, also known as the grantor or trustor, plays a pivotal role. Simply put, the settlor is the individual who establishes the trust. They're the one who decides to transfer assets into the trust for the benefit of beneficiaries. But it's more than just setting things up. The settlor defines the terms of the trust, including its purpose, beneficiaries, and how assets are to be managed and distributed. Think of them as the architect, crafting the blueprint for the trust's operation. Once the trust is established, the settlor may continue to have involvement, especially if they retain certain powers over the trust or its assets. However, in many cases, the settlor's role diminishes over time as the trustee takes over management responsibilities. #glastonburyestateplanning #khklaw...