Who owns the property in a trust?

The ownership of property in a trust is determined by the trust document. Generally, the trust document will name a trustee, who is the legal owner of the property. The trustee is responsible for managing the trust assets and distributing them according to the terms of the trust. The trust document will also name the beneficiaries of the trust, who are the beneficial owners of the trust assets. The beneficiaries have the right to receive the income and principal of the trust assets, as specified in the trust document. 

The trustee is the legal owner of the trust assets, but the beneficiaries are the beneficial owners. The trustee is responsible for managing the trust assets and distributing them according to the terms of the trust. The trustee is also responsible for filing taxes and other legal documents related to the trust. The trustee is not allowed to use the trust assets for their own benefit, and must act in the best interests of the beneficiaries. 

The trust document will also name a settlor, who is the person who created the trust. The settlor is responsible for setting up the trust and determining the terms of the trust. The settlor can also appoint a successor trustee, who will take over the management of the trust if the original trustee is unable to do so. 

The trust document will also name a protector, who is responsible for overseeing the trustee and ensuring that the trust is managed according to the terms of the trust. The protector can also make changes to the trust document if necessary.