Lucy Kelson has been selected to manage the trust 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 would be acting as a trustee, as she has been selected to manage the trust assets of Rodney until he reaches the age of 30. A trustee is a person or entity that holds and manages assets on behalf of another person, known as the beneficiary. In this case, Lucy is the trustee and Rodney is the beneficiary.

Lucy Kelson Has Been Selected to Manage the Trust Assets