A trust is created when a grantor transfers property to a trustee for the benefit of one or more people.

Name: A trust is created when a grantor transfers property to a trustee for the benefit of one or more people.
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This statement is true. A trust is created when a grantor transfers property to a trustee who then manages that property for the benefit of one or more beneficiaries. Trusts are often used in estate planning to transfer assets to heirs and protect assets from creditors or taxation.

A Trust Is Created When a Grantor Transfers Property to a Trustee