Which party in a trust benefits from the assets managed by the trustee?

In a trust arrangement, the beneficiary is the party who receives the benefits from the assets managed by the trustee. The trustee holds and manages the trust assets on behalf of the beneficiary, ensuring that those assets are used or distributed according to the terms set forth in the trust document. This role is crucial as it establishes the fiduciary duty of the trustee to act in the best interest of the beneficiary.

The settlor, while important in creating the trust and outlining its terms, does not benefit from the assets managed by the trustee once the trust is established. The trustee is the party responsible for managing the assets but does not benefit financially from them; their role is to administer the trust. An agent typically represents a party in a transaction but does not have any claim to the trust assets themselves.

Thus, the beneficiary is the one who ultimately benefits from the trust assets, making this the accurate choice in the context of a trust relationship.