You can name your trust whatever you like, it doesn't matter that there is another trust with the same name. However it is standard
to have a fairly descriptive name, eg 'The Jones Family Trust' or 'The Jones Unit Trust'
The settlor is a person that establishes the trust with a gift (Settled Sum), in our case $10. The settlor is usually a friend or your accountant and has no further involvement in the trust.
A trust is usually establised by a small gift (the settled sum) from the settlor to the trust. In our deed the amount is $10.
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