Asked in Property Law
Property Law

What is a trust property?

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05/09/2008

Title to real or personal property can be transferred to a trust through its trustee. When transferred to the trustee of the trust it becomes the trust property. The trustee named in the trust instrument then has the sole and absolute authority to manage the property but only according to the provisions of the trust FOR THE BENEFIT OF of the beneficiary. The person who transferred the real estate or personal property (money, stocks, etc.) to the trustee no longer owns the property. It is now the property of the trust.