Property Ownership
A Minnesota property is placed in a trust as part of an estate plan. The trust is the legal owner of the property. When the property is sold, who signs the deed?
AThe grantor who established the trust
BThe trustee on behalf of the trust✓ Correct
CAll beneficiaries of the trust
DA court-appointed executor
Explanation
When property is held in a trust, the trustee has legal authority to manage and convey the trust property. The trustee signs the deed (as trustee of [trust name]) to convey the property. The deed identifies the trust and the trustee's authority. Title companies in Minnesota typically require a copy of the trust agreement to verify the trustee's authority before closing.
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