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יוצר הנאמנות

English translation: Grantor or Settlor


GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Hebrew term or phrase:יוצר הנאמנות
English translation:Grantor or Settlor
Entered by: KMichal
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20:18 Nov 7, 2009Login or register (free) for more options.
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
Israel
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: 14:32
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
4Settlor (UK) Trustor (Western)
Lingopro
3 +1Settlor
Smantha
3principal
boostrer
3Grantor or Creator
Jonathan Dictrow
Summary of reference entries provided
settlor & grantor
desertfox

  

Answers


12 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
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: 14:32
Specializes in field
Native speaker of: Native in HebrewHebrew, Native in EnglishEnglish
PRO pts in category: 24
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14 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
principal


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

boostrer
United States
Local time: 14:32
Works in field
Native speaker of: Native in RussianRussian
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32 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 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


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Note added at 1 hr (2009-11-07 21:21:23 GMT)
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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)
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And the "official" definitions here (page 9):
http://www.pwc.com/he_IL/il/tax-committee/assets/tax_loyalne...



Smantha
Israel
Local time: 21:32
Works in field
Native speaker of: Native in RussianRussian, Native in HebrewHebrew
PRO pts in category: 20

Peer comments on this answer (and responses from the answerer)
agree  Lingopro
2 hrs
  -> Thanks
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2 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
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: 21:32
Specializes in field
Native speaker of: Native in EnglishEnglish, Native in HebrewHebrew
PRO pts in category: 94

Peer comments on this answer (and responses from the answerer)
neutral  Smantha: Yep, I've already posted this in my answer :)
4 mins
  -> Sorry, Smantha I missed it! Since it's up already , I'll leave it for the Trustor option - if Michal needs the W. version.
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Reference comments


9 hrs
Reference: settlor & grantor

Reference information:
are both correct.

desertfox
Israel
Works in field
Native speaker of: Native in FrenchFrench, Native in HebrewHebrew
PRO pts in category: 128
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