Ownership of property in trust can be described as a division at the same time of what two ownership interests?
A)Joint tenancy and tenancy by the entirety
B)Legal and beneficial
C)Affirmative and negative
D)Per stirpes and Per capita

Question

Quizplus · Accepted Answer

Legal ownership is held by the trustee, while beneficial ownership is held by the beneficiaries. This division allows the trustee to manage the property according to the terms of the trust for the benefit of the beneficiaries.

Ownership of Property in Trust Can Be Described as a Division