[set-ler, -l-er]
noun Law.
a person who makes a settlement of property.

1810–20; settle1 + -or2 Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
settlor (ˈsɛtlə)
law a person who settles property on someone

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Example sentences
Unless a trust is expressly made irrevocable by the trust instrument, the trust is revocable by the settlor.
Spendthrift provisions for beneficiaries other than the settlor.
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