A settlor is a person who creates a trust by transferring assets into it. This individual outlines the terms of the trust, specifying how the assets should be managed and distributed. The settlor plays a crucial role in establishing the trust's purpose and guiding its administration. Once the trust is established, the settlor may also be referred to as the grantor or trustor. The assets placed in the trust can include money, property, or investments. The settlor's intentions are documented in a legal document called a trust deed, which serves as the foundation for the trust's operation.