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Updated about 8 years ago on . Most recent reply

User Stats

469
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32
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Benjamin Cowles
  • Cape Coral, FL
32
Votes |
469
Posts

Confused about the "beneficiary" of a trust

Benjamin Cowles
  • Cape Coral, FL
Posted

I've read that in a trust, (ir)revocable it's usually those designated to 'benefit' by receiving the assets in the trust created by the "grantor" but that in a land trust it is the the grantor,  or the lender in a deed of trust who is the "beneficiary" rather than those that benefit by ending up with asset the trust was intended to impart the ownership of unto like in a regular trust. Seems a little inconsistent no? Is there any more sense to make of this or is this just how the terms came to be?

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