Property Ownership
A South Carolina property is held 'in trust.' The trustee holds legal title for whose benefit?
AThe grantor
BThe beneficiary✓ Correct
CThe trustee personally
DThe creditors of the trust
Explanation
In a trust, the trustee holds legal title to property but manages it for the benefit of the beneficiary (or beneficiaries). The beneficiary holds equitable (beneficial) title.
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