A person who,although not the legal owner,may compel the trustee to provide benefits of a trust to him is called the
A)trust benefactor.
B)secondary beneficiary.
C)beneficial owner.
D)beneficiary.
E)trustee.

Question

Quizplus · Accepted Answer

A person who is entitled to receive benefits from a trust, even though they are not the legal owner, is called the beneficial owner. This person may compel the trustee to provide them with the benefits that the trust was set up to provide. The other options are not correct: a trust benefactor is not a legal term, a secondary beneficiary is someone who receives benefits only if the primary beneficiary cannot, and a beneficiary is a general term that includes both legal and beneficial owners.

A Person Who,although Not the Legal Owner,may Compel the Trustee