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.
Question
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.
Solution
The correct answer is D. "A trustee is a person who takes care of property for the benefit of a beneficiary." A trustee is appointed to manage assets or property for someone else's benefit, often as part of a trust or estate. This can include a variety of responsibilities, such as managing investments, distributing assets, or making decisions about how the property or assets are used.
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