Property Ownership
In Tennessee, property held in a trust is owned by:
AThe beneficiary of the trust
BThe trustee for the benefit of the beneficiary✓ Correct
CThe grantor of the trust until death
DThe state of Tennessee until distributed
Explanation
In a trust, legal title to property is held by the trustee, who manages the property for the benefit of the beneficiary (or beneficiaries). The beneficiary holds equitable title.
Related Tennessee Property Ownership Questions
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