Question

Why would someone use a trust?

A) to ensure that your personal possessions and property go to the correct beneficiaries
B) to avoid the lengthy legal process of probate, where the estate is placed on hold
C) to name the power of attorney who will oversee the estate
D) to plan for the distribution of an estate after your death

Answer 1

A) to ensure that your personal possessions and property go to the correct beneficiaries. ;D

Answer 2

Answer:

The correct answer is the option A: to ensure that your personal possessions and property go to the correct beneficiaries.

Explanation:

Under the United States' Constitution, in legal terms, a trust is in the name given to the situation where two parties share a relation that involves that one has the property of something and the other one has the benefit of it. Commonly these ''trusts'' are created by the owner of the good, known as ''trustor'', who transfers the property to the other person, known as ''trustee'', but keep the benefit of for himself.