21. Typically, a surviving spouse will be granted a right to the income of the trust by the settlor . 22. Trusts are generally governed by the laws of the jurisdiction that is designated by the settlor as the governing jurisdiction. 23. From both a historical and practical perspective, trusts have generally been designed to have only one Settlor or Grantor. 24. A common mistake is to lock assets in a trust that earns returns far below yields that the settlor normally enjoys. 25. The settlor can have the flexibility to revoke the trust and have the trust fund revert to him, for example. 26. It is highly advisable for both settlors and trustees to seek qualified legal counsel prior to entering into a trust agreement. 27. The settlor already holds title to the property and all that needs to be done is to make a valid declaration. 28. In most states, the assets of a self-settled trust are not protected from the creditors of the settlor . 29. It is or is not a personal injury trust on account of its source and the involvement of the injured settlor . 30. The UK taxation anti-avoidance rules prevent tax advantages being given to such " settlor interested " trusts.
