Property Ownership
Under Maine law, when a property is held in a revocable living trust, the trustee:
AIs considered the beneficial owner for tax purposes only
BHolds legal title to the property and can sell it as directed by the trust✓ Correct
CMust get court approval before selling
DCannot be a real estate licensee
Explanation
A trustee holds legal title to trust property and has authority to manage and transfer it according to the trust's terms, without needing court approval (for revocable living trusts).
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