A(n) _________ is a legal arrangement in which the ownership of property is transferred to a third person to be used for the benefit of another.

A) trust
B) will
C) estate plan
D) haven

Trust

An arrangement in which property is transferred by one person (the grantor or settlor) to another (the trustee) for the benefit of a third party (the beneficiary).

Legal Arrangement

Agreements or structures established under law for managing and organizing rights, responsibilities, and relationships.

Ownership of Property

The legal right or title to possess, use, and enjoy a specified piece of land or goods.