One of the benefits of a trust is that it allows the legal title of property to be separated from the benefits of:

Question

Quizplus · Accepted Answer

A trust allows for the legal title of property to be held by a trustee, while the beneficial ownership and benefits of the property are held by the beneficiaries. This separation of legal title and beneficial ownership can provide benefits such as asset protection, estate planning, and tax planning. It is not related to partnership, perpetuity or common seal.

One of the Benefits of a Trust Is That It