Property Ownership
A Connecticut property is held in an irrevocable trust for the benefit of the grantor's children. The grantor wants to sell the property. Who has the authority to sell?
AThe grantor, since they created the trust
BThe trustee, acting on behalf of the trust according to the trust instrument and fiduciary duties to the beneficiaries✓ Correct
CThe beneficiaries (children), since they benefit from the trust
DThe Connecticut Probate Court
Explanation
In an irrevocable trust, the grantor gives up control. The trustee holds legal title and has the authority—and fiduciary duty—to manage and sell trust property in accordance with the trust instrument and for the benefit of the beneficiaries.
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