Who creates a Trust?Question 4Select one:a.The Settlorb.The Trustee's Lawyerc.The Trusteed.The Beneficiaries' Lawyer

In a trust, the Blank______ delivers and transfers legal title to property to a Blank______, who holds and uses the property for the benefit of a third person. (Choose ONE correct answer)Multiple choice question.settlor; beneficiarybeneficiary; trusteetrustee; settlorsettlor; trustee

Who manages and holds the legal title to a property on behalf of the beneficiary in a trust?trustortrusteetenantlessee

What is the term for a trust created by the court that has no settlors?Multiple choice question.Express trustAmbulatory trustImplied trustInter vivos trust

Which best describes the purpose of a trust?A.To give away assets in a managed fashionB.To distribute assets when someone passesC.To assign power of attorneyD.To determine someone's medical care preferencesSUBMITarrow_backPREVIOUS

A trustee is a person who: A. has been in jail. B. is trusted by everyone. C. takes care of a deceased person’s estate. D. takes care of property for the benefit of a beneficiary.