Typically the settlor of a revocable living trust is also the initial trustee until they either resign or are unable to manage the affairs of the trust due to incapacity or death.  While the ...

The revocable trust, or living trust, is an agreement between the client (commonly called the settlor, grantor or trustor in the document) and the trustee (usually also the client), until his or ...

The settlor creates the trust to ensure assets that are transferred into the trust are distributed and managed according to his wishes. A private trust, for example, is a legal instrument that ...