Lucy Kelson has been selected to manage the assets of Rodney Peterson until he reaches the age of 30. Rodney is currently 21. In what capacity would Lucy be acting?

Question

Quizplus · Accepted Answer

Lucy Kelson would be acting as a trustee, as she has been selected to manage the assets of Rodney Peterson until he reaches the age of 30. A trustee is a person or entity who manages property for the benefit of someone else, in this case Rodney Peterson. A guardian is responsible for the care of a person, not their assets. An executrix is a female executor, a person responsible for carrying out the instructions of a will. A beneficiary is a person who receives the benefits of an asset. An administrator is a person responsible for managing an estate in the absence of a will.

Lucy Kelson Has Been Selected to Manage the Assets of Rodney