California Real Estate Practice Exam

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In a trust ownership situation, who holds the title on behalf of the beneficiary?

Grantor
Trustor
Beneficiary
Trustee

The correct answer is: Trustee

In a trust ownership situation, the trustee holds the title on behalf of the beneficiary. The trustee is responsible for managing and distributing the assets in the trust for the benefit of the beneficiary. The grantor or trustor are the individuals who create the trust and transfer ownership of the assets to the trust. As such, they do not hold the title on behalf of the beneficiary. The beneficiary is the person who will ultimately receive the benefits of the assets in the trust, but they do not hold the title. The trustee is the one who holds the title and manages the assets for the beneficiary's benefit.