After the Creation of a Trust, Title to Property Placed

question 4

True/False

After the creation of a trust, title to property placed in the trust passes to at least two persons with the trustee receiving the equitable title and the beneficiary receiving the legal title.

---

Definitions:

Accounts Receivable

Accounts receivable is the balance of money due to a firm for goods delivered or services provided but not yet paid for by customers.

Disbursement of Funds

The process of paying out money from a fund or account to various recipients.

Blanket Lien

A legal claim that gives a lender rights to the borrower's assets as collateral for a loan, covering all of the borrower's assets rather than specific assets.

Disbursement of Funds

Disbursement of funds refers to the payment of money from a fund or account, typically for specific purposes or expenses.