Technically a trust is a situation where the title to property is divided into two parts: legal title and equitable title.

Question

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This is an accurate definition of a trust. Legal title refers to ownership on paper, while equitable title refers to the right to benefit from the property. In a trust, the legal title is held by the trustee and the equitable title is held by the beneficiary.

Technically a Trust Is a Situation Where the Title to Property