ABSTRACT
We should think of our settlor as someone who builds a ship and then sends it off across the seas in the hands of its captain: the settlor creates a trust and then leaves matters in the hands of the trustee, having no more control over the trust qua settlor. Once the trust is created, it cannot be undone. However, as we have seen in this chapter there are a number of formalities which the settlor must perform before the trust comes into existence. The person who takes benefit from the trust arrangement is the beneficiary and it is to that person we will turn our attention in the next chapter.
