A trust is a device or mechanism that permits personal or real property to be held by one party, the trustee, for the benefit of another, the:
A) administrator.
B) executor.
C) testator.
D) beneficiary.

Question

Quizplus · Accepted Answer

A trust is established to benefit a beneficiary, who is the party who ultimately receives the property or benefits from the trust. The trustee is responsible for managing the property in accordance with the terms of the trust, for the benefit of the beneficiary.

A Trust Is a Device or Mechanism That Permits Personal