Question

In a trust, an estate, or other property or money, is given to a person or institution to manage.

true or false?

i need help :(

Answer 1

Already answered. See above.

Answer 2

true

Answer 3

[AI-generated answer — Explain Bot]

True.

In a trust, estate, or other legal arrangement, property or money is indeed given to a person or institution called a trustee. The trustee is responsible for managing and safeguarding the assets in the best interests of the beneficiaries named in the trust agreement or will. These assets could include real estate, investments, bank accounts, or any other valuable possessions. The trustee is bound by fiduciary duty, meaning they must act in good faith and prioritize the beneficiaries' well-being over their own.