What is the term for a person who holds property and uses it for the benefit of a third person?
A) Trustor
B) Trustee
C) Settlor
D) Beneficiary
E) Remainderman

Name: What is the term for a person who holds property and uses it for the benefit of a third person? A) Trustor B) Trustee C) Settlor D) Beneficiary E) Remainderman
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Question

Quizplus · Accepted Answer

A trustee is the person or entity that holds legal title to property and manages it for the benefit of another, known as the beneficiary.

What Is the Term for a Person Who Holds Property