Which of the following allows a person to transfer property to another person with the property to be used for the benefit of a third person?
A) Probate
B) Trust
C) Command
D) Executor
E) Allocation

Question

Quizplus · Accepted Answer

A trust is a legal arrangement where one person (the trustor) transfers property to another person (the trustee) to manage and use for the benefit of a third person (the beneficiary).

Which of the Following Allows a Person to Transfer Property