Who is the individual that receives the income or enjoyment of trust property?

The correct answer is the beneficiary. In the context of a trust, the beneficiary is the individual who receives the benefits from the trust property. This can include income generated from the trust, as well as the enjoyment of the property itself, depending on the terms set forth in the trust agreement.

A trust is a legal arrangement where one party, known as the grantor or settlor, transfers assets to a trust. The trustee, appointed by the grantor, manages and administers the trust according to the terms defined by the grantor. However, it is the beneficiary who actually derives financial benefits or enjoyment from the trust's assets. This structure is essential for estate planning, ensuring that the grantor's wishes regarding the distribution and management of their assets are fulfilled while also providing for the beneficiaries.

While the grantor establishes the trust and the trustee oversees its administration, neither of these roles includes directly receiving the income or benefits derived from the trust property. Similarly, an executor is responsible for managing the estate of a deceased person, making sure debts and taxes are settled, and distributing assets according to a will. The primary focus of the executor is not on income from trust property but rather on the overall management of the deceased's estate.