Who holds legal title to an estate in trust?

Prepare for the National Ownership Exam with study materials including flashcards and multiple choice questions featuring detailed hints and explanations. Get ready to ace your exam!

In the context of a trust, the legal title to an estate is held by the trustee. The trustee is the individual or entity appointed to manage the trust’s assets according to the terms set forth in the trust document and to act in the best interests of the beneficiaries. This role includes administering the property, making investment decisions, and ensuring that the trust operates in compliance with applicable laws and the wishes of the grantor.

The beneficiary, on the other hand, has an equitable interest in the trust but does not hold legal title. The grantor is the person who establishes the trust and transfers property into it, but they do not retain legal title once the trust is created and funded. The role of an attorney is typically to provide legal advice or assistance in setting up the trust, but they do not hold any title to the assets within it. Therefore, the primary responsibility of the trustee includes holding legal title, making this answer the correct one.

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