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Donor
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The person who donates property to the benefit of another, usually through the legal mechanism of a trust.
The giver of a trust (the recipient being the donee); the person who establishes the trust, from whom comes the property forming the subject matter of the trust.
The term encompasses both the settlor of a testamentary trust (the testator) and the settlor of an express trust, (just as, for example, the term personal representative encompasses both the executor or the Court-appointed administrator of an estate).
Thus, the person who creates a trust within a will is, in law, all of a testator, a settlor and a donor.
The term is also used to describe the person who signs a power of attorney, and thereby gives his/her authority and powers to another, instead of the synonymous term, in that context, of principal.
CATEGORIES AND TOPICS:
This term applies to the following areas of law and categories;