Question

The person who holds the property for the beneficiaries is known as ...

• A. beneficiary
• B. trustee
• C. executor
• D. creditor

Answer 1

Answer:

B. trustee

EXECUTOR:

• A person may makes a will expressing his intention regarding disposal of his properties after his death.

• The person who makes the will is called Testator and banker is the Executor. 

ADMINISTRATOR:

• Person dies without making valid will, a person is appointed by the court to administer the property of the deceased 

• Executor dispose the property according to will 

• Administrator administer the property according to Law

TRUSTEE:

• The person who holds the property for the beneficiaries is known as trustee.