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יוצר הנאמנות

English translation: Grantor or Settlor

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)

Hebrew term or phrase:	יוצר הנאמנות
English translation:	Grantor or Settlor
Entered by:	KMichal

Options:
- Contribute to this entry
- Include in personal glossary

20:18 Nov 7, 2009

Hebrew to English translations [PRO]
Law/Patents - Law (general) / law

Hebrew term or phrase: יוצר הנאמנות

מכיוון שהנאמן הוא במקרים רבים איש אמונו של יוצר הנאמנות, יוצר הנאמנות סומך עליו, לעיתים גם לגבי פעולות שעל הנאמן לבצע לאחר פטירת היוצר

KMichal KudoZ activity Questions: 154 (1 open) (3 closed without grading) Answers: 0
Local time: 06:34

Grantor or Creator

Explanation:
In the US the creator of a trust is called the Grantor according to Wikipedia

Selected response from:

Jonathan Dictrow
United States
Local time: 23:34

Grading comment

4 KudoZ points were awarded for this answer

Summary of answers provided

Settlor (UK) Trustor (Western)

Lingopro

3 +1

Settlor

Smantha

principal

boostrer

Grantor or Creator

Jonathan Dictrow

Summary of reference entries provided

settlor & grantor

Gad Kohenov

Answers

12 mins confidence:

Grantor or Creator

Explanation:
In the US the creator of a trust is called the Grantor according to Wikipedia

Reference: http://en.wikipedia.org/wiki/Living_trust

Jonathan Dictrow
United States
Local time: 23:34
Specializes in field
Native speaker of:

Hebrew,

English
PRO pts in category: 38

14 mins confidence:

principal

Explanation:
vs. agent
Cf. Collins
Principal - ...(Law) a) a person who engages another to act as his agent

boostrer
Local time: 23:34
Works in field
Native speaker of:

Russian
PRO pts in category: 4

32 mins confidence:

peer agreement (net): +1

Settlor

Explanation:
SETTLOR - The person who owns property conveyed to an estate. (A testator makes a will, a declarant makes a living will, a settlor makes a trust.)
http://www.lectlaw.com/def2/s037.htm

Also, please see this pdf file: http://www.finance.gov.il/museum/hebrew/121hel.pdf on page 8 ( I cannot copy paste it here)

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Note added at 34 mins (2009-11-07 20:53:08 GMT)
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Another option is "Trustor" or "Donor":
settlor n. the person who creates a trust by a written trust declaration, called a "Trustor" in many (particularly western) states and sometimes referred to as the "Donor." The settlor usually transfers the original assets into the trust. (See: trust, trustor)
http://legal-dictionary.thefreedictionary.com/Settlor

--------------------------------------------------
Note added at 1 hr (2009-11-07 21:21:23 GMT)
--------------------------------------------------

Here's a good article with definitions (page 2):
קיימים שלושה גור (Trust) בנאמנות
מים המהווים את עצם תמציתה וקיומה:
מי שהקים – (Settlor) 1. יוצר הנאמנות
את הנאמנות והיקנה לה את נכסיה.
המופקד על הטי – (Trustee) 2. הנאמן
פול השוטף בנכסי הנאמנות.
הזכאי ליהנות – (Beneficiary) 3. הנהנה
מפירות הנאמנות.
לעיתים קיים גורם נוסף – איש אמון
המוגדר כבעל סמכות לפקח על ,(Protector)
הנאמן, להחליפו, לתת לו הוראות או לאשר
את פעולותיו.
http://www.icpas.org.il/upload/File/801-.pdf

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Note added at 1 hr (2009-11-07 21:26:17 GMT)
--------------------------------------------------

And the "official" definitions here (page 9):
http://www.pwc.com/he_IL/il/tax-committee/assets/tax_loyalne...

Smantha
Local time: 06:34
Works in field
Native speaker of:

Russian,

Hebrew
PRO pts in category: 41

2 hrs confidence:

Settlor (UK) Trustor (Western)

Explanation:
Settlor n. the person who creates a trust by a written trust declaration, called a "Trustor" in many (particularly western) states and sometimes referred to as the "Donor." The settlor usually transfers the original assets into the trust. (See: trust, trustor)

Reference: http://legal-dictionary.thefreedictionary.com/Settlor
Reference: http://legal-dictionary.thefreedictionary.com/trustor

Lingopro
Israel
Local time: 06:34
Specializes in field
Native speaker of:

English,

Hebrew
PRO pts in category: 222

Reference comments

9 hrs

Reference: settlor & grantor

Reference information:
are both correct.

Gad Kohenov
Israel
Works in field
Native speaker of:

French,

Hebrew
PRO pts in category: 476

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יוצר הנאמנות

English translation: Grantor or Settlor

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יוצר הנאמנות

English translation: Grantor or Settlor

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Answers

Reference comments

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KudoZ™ translation helpThe KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.

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The KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.