Daniel created a trust intending to assist his children with their college expenses. It can be said that Daniel is a(n) _____.

Question

Quizplus · Accepted Answer

A settlor is the person who creates the trust and transfers assets into it for the benefit of the beneficiaries. In this scenario, Daniel created the trust, making him the settlor. The other options do not apply in this context - an executrix is a female executor, a legatee is a person who inherits property through a will, a beneficiary receives benefits from a trust, and an executor is responsible for administering a deceased person's estate.

Daniel Created a Trust Intending to Assist His Children with Their