Which statement correctly describes an Individual trustee?

Which statement correctly describes an Individual trustee?

• A. Any corporate trustee
• B. Any trustee who is not a corporate trustee.
• C. A trustee who is a beneficiary
• D. A trustee who is also a guardian

Answer: (B)

An Individual trustee is a natural person who serves as the trustee, not a corporation. That makes the statement describing a trustee who is not a corporate trustee the correct one, because it directly distinguishes individual trustees from corporate (institutional) trustees like banks or trust companies. Knowing this helps: trusts can be administered by either individuals or institutions, and the defining difference is whether the trustee is a person or a corporation. The other options describe situations that don’t define an individual trustee—one points to a corporate trustee, another notes the trustee is also a beneficiary, and the last mentions a dual role like guardian, which isn’t the defining feature of being an individual trustee.

An Individual trustee is a natural person who serves as the trustee, not a corporation. That makes the statement describing a trustee who is not a corporate trustee the correct one, because it directly distinguishes individual trustees from corporate (institutional) trustees like banks or trust companies.

Knowing this helps: trusts can be administered by either individuals or institutions, and the defining difference is whether the trustee is a person or a corporation. The other options describe situations that don’t define an individual trustee—one points to a corporate trustee, another notes the trustee is also a beneficiary, and the last mentions a dual role like guardian, which isn’t the defining feature of being an individual trustee.