Martin placed all of his real estate investments in a trust, and the proceeds are distributed through the trust to his son Nathan. Martin still manages the properties indirectly, and Nathan currently benefits, as he's past the required beneficiary age of 18. What type of trust is this?

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Business

Kennedi Rowland

3 May, 06:16

Martin placed all of his real estate investments in a trust, and the proceeds are distributed through the trust to his son Nathan. Martin still manages the properties indirectly, and Nathan currently benefits, as he's past the required beneficiary age of 18. What type of trust is this?

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Answers (1)

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Kendal Wade · Answer 1

Beneficiary

Explanation:

The person who gets the benefit in return for the trust is called the beneficiary.

Under this process, one person can make a profit due to the trust of the other person.

In the given question, Martin's trust will benefit given to his son Nathan.

So, Martin's son Nathan will be called the beneficiary.