Property Ownership
In Tennessee, a property held in a 'living trust' is owned by:
AThe trustee personally
BThe trust entity, managed by the trustee for the benefit of the beneficiary✓ Correct
CThe state of Tennessee
DThe beneficiary directly
Explanation
Property in a living (revocable) trust is held in the name of the trust, managed by the trustee for the benefit of the beneficiary. The grantor often serves as their own trustee and beneficiary during their lifetime.
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