Who is named to control assets to be used for the benefit of another person?

• A. Guardian
• B. Beneficiary
• C. Trustee
• D. Court-appointed custodian

Answer: (C)

In a trust arrangement, the person named to control assets for the benefit of another is the trustee. The trustee holds legal title to the trust property and carries out the terms of the trust, managing investments, administering distributions, and acting in the best interests of the beneficiaries as directed by the trust document. This fiduciary duty distinguishes the trustee from others: a guardian is appointed to care for a ward, often including personal and financial affairs, but not typically to manage a separate trust; a beneficiary is the person who ultimately receives assets from the trust; and a court-appointed custodian is established only in specific court proceedings such as guardianships or conservatorships, not as the standard mechanism in a trust.