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Natali [406]
2 years ago
5

Darren set up a land trust so that his children could benefit from his real estate investments after he dies. He asked his finan

cial advisor Tom to manage the trust. Darren is the _______.
Law
1 answer:
zavuch27 [327]2 years ago
8 0

Answer:Darren is the TRUSTOR

Explanation:

A TRUSTOR also known as settlor or grantor is one who creates a trust and transfers fiduciary duty on property to another person who is the trustee to manage the asset for the benefit of the beneficiaries.

Here, Darren, The Trustor sets up a land trust for the benefit of his children the beneficiaries and gives Tom , the Trustee to manage on behalf of his children.

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