Who manages and holds the legal title to a property on behalf of the beneficiary in a trust?trustortrusteetenantlessee
Question
Who manages and holds the legal title to a property on behalf of the beneficiary in a trust?trustortrusteetenantlessee
Solution
The person who manages and holds the legal title to a property on behalf of the beneficiary in a trust is the Trustee.
Similar Questions
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 creates a Trust?Question 4Select one:a.The Settlorb.The Trustee's Lawyerc.The Trusteed.The Beneficiaries' Lawyer
Fill in the Blank QuestionFill in the blank question.When a trustee holds legal title to real estate on behalf of an investor, that investment is called a(n) investment.
Which of the following statements is FALSE?Question 10Select one:a.Trust deed is the document detailing the sources, uses and disbursement of funds in a trustb.Hedge fund is a type of managed fund.c.The responsible entity is both the trustee and the manager of the trust fund.d.Capital guaranteed funds provide a risk-free investment.
One who is entitled to inherit propertya.Payerb.Giverc.Heird.Donor
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