Which of the following best describes a Settlor?

A Settlor is best described as a person who establishes a trust. This term refers to the individual who creates the trust agreement, laying out the terms and conditions under which the trust operates. The Settlor transfers property or assets into the trust, intending to specify how those assets will be managed and distributed, typically for the benefit of beneficiaries.

In the context of trusts, the role of the Settlor is crucial because they not only initiate the trust structure but also define the rules that govern it. The Settlor's intentions guide how the trust operates and ensure that the assets are handled according to their wishes. This is an essential distinction that highlights the foundational role of the Settlor in the trust creation process. Other roles, such as monitoring investments or executing a will, do not encompass the direct act of establishing the trust, which is the defining function of a Settlor.