Which term refers to the recipient of the trust's assets?

Which term refers to the recipient of the trust's assets?

• A. Beneficiary
• B. Trustee
• C. Grantor
• D. Testator

Answer: (A)

In trust law, the person who ultimately benefits from the trust assets is the beneficiary. The trust is funded by the grantor and managed by a trustee under terms set out in the trust document. The beneficiary is the recipient of distributions or benefits from the trust, either during the grantor’s life or after death, depending on the trust’s terms. The trustee is the fiduciary who handles the trust's assets, not the recipient. The grantor (or settlor) creates and funds the trust, while the testator is the person who executes a will, not a trust. In some cases there can be multiple beneficiaries with varying rights, but the fundamental idea is that the beneficiary is the one who receives the trust assets.

In trust law, the person who ultimately benefits from the trust assets is the beneficiary. The trust is funded by the grantor and managed by a trustee under terms set out in the trust document. The beneficiary is the recipient of distributions or benefits from the trust, either during the grantor’s life or after death, depending on the trust’s terms. The trustee is the fiduciary who handles the trust's assets, not the recipient. The grantor (or settlor) creates and funds the trust, while the testator is the person who executes a will, not a trust. In some cases there can be multiple beneficiaries with varying rights, but the fundamental idea is that the beneficiary is the one who receives the trust assets.