Mary wants to be able to take care of her sons when she is away. She decides to give an amount of money to a friend, Melanie, with the instructions that she is to use that money to care for the children when she is away. Melanie is called a _ and the children are called _ .
A) caretaker; trustees
B) guardian; trustees
C) money caretaker; beneficiaries
D) trustee; beneficiaries
E) constructive trust; beneficiaries

Question

Quizplus · Accepted Answer

Melanie is a trustee, as she has been entrusted with the responsibility of caring for the children with Mary's money. The children are beneficiaries, as they are the ones who will benefit from Melanie's care using Mary's money. Choice A is incorrect because "caretaker" is too general and does not necessarily imply that Melanie has been given specific instructions and money for the children's care. Choice B is incorrect because "guardian" suggests a more permanent and legal responsibility, rather than someone who is temporarily caring for the children while Mary is away. Choice C is incorrect because "money caretaker" is not a commonly used term and can be confusing. Choice E is incorrect because a constructive trust is a legal concept that does not apply here.

Mary Wants to Be Able to Take Care of Her