A settlor is a person or company that creates the trust. There can be more than one settlor of a trust. The trustees are the people who manage the trust. The settlor can also be a trustee. It can also be a good idea to appoint an independent trustee who is not a relative. For example, professionals like a lawyer or accountant. The beneficiaries are the people who benefit from the trust. For example, the family members of the settlor.
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