Examlex
Which of the following group mechanisms summarizes how individuals attain authority over others?
Trustee
An individual or firm that holds or administers property or assets for the benefit of a third party.
Beneficiary
An individual or entity entitled to benefits or advantages from something, such as a trust, insurance policy, or a will.
Decedent's Estate
The real and personal property owned by an individual at the time of their death, subject to distribution according to their will or state laws.
Spendthrift Trust
A trust created to protect the beneficiary from spending all the funds to which she or he is entitled. Only a certain portion of the total amount is given to the beneficiary at any one time, and most states prohibit creditors from attaching assets of the trust.
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