A trust is a form of property ownership that separated the legal and beneficial
ownership of property.

Question

Quizplus · Accepted Answer

A trust is a legal arrangement where the legal ownership of a property is held by a trustee on behalf of the beneficiaries, who hold the beneficial ownership. This separation allows for greater control and flexibility in managing the property, and can provide tax benefits and asset protection for the beneficiaries.

A Trust Is a Form of Property Ownership That Separated