In trust law, a settlement is a deed (also called a trust instrument) whereby real estate, land, or other property is given by a settlor into trust so the beneficiary has the limited right to the property (for example, during their life), but usually has no right to sell, bequeath or otherwise transfer it.
In trust law, a settlement refers to a document that establishes a trust, where a donor transfers ownership of real estate, land, or other assets to a trustee, granting a beneficiary restricted access to the property (e.g., during their lifetime), while limiting their rights to transfer or dispose of it.