Property Ownership
In Massachusetts, a property held in a 'Massachusetts Realty Trust' is most commonly used to:
AAvoid paying property taxes
BProvide privacy of ownership by holding title in the trust's name rather than the beneficiary's personal name✓ Correct
CCreate a life estate for family members
DFacilitate a like-kind exchange
Explanation
Massachusetts nominee/realty trusts are commonly used to hold title to real estate while keeping the beneficial owner's identity private in public records. Only the trustee's name appears in the deed; the beneficiaries are disclosed only in the trust document.
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