In a trust ownership situation, title is held by whom?

In a trust ownership situation, the title is held by the trustee. The trustee is a person or entity appointed to manage the trust and its assets according to the terms established by the settlor, who is the person who created the trust. The trustee has the legal authority to hold title to the trust property and is responsible for administering it in the best interest of the beneficiaries. The trustee acts as the intermediary between the trust assets and the beneficiaries, ensuring that the terms of the trust are followed and that the assets are properly managed and distributed as intended.

While the settlor creates the trust and outlines its terms, they do not hold title in the context of the trust once it is established. The beneficiaries are the individuals or entities that benefit from the trust, but they do not hold title to the trust property; instead, they have a right to receive benefits from the assets managed by the trustee. An executor, on the other hand, is associated with a will and is responsible for managing an estate after someone passes away, rather than dealing with a trust. Therefore, in the context of a trust, the title is clearly held by the trustee.