Which term describes the people who hold and manage assets for the benefit of others?

• A. Savannah
• B. Charter of 1732
• C. Small Pox
• D. Trustee(s)

Answer: (D)

A trustee is someone who holds and manages assets for the benefit of others. A trustee acts as a steward, keeping the legal title to property or funds and making decisions to use them for the beneficiaries’ advantage, guided by a trust’s rules and a duty to act loyally and carefully. For example, in the founding of Georgia, a group of trustees held control of the colony’s land and resources to develop the settlement for the settlers’ benefit, managing those assets on their behalf. This shows why the term fits: it names the people who hold and manage assets for others. Other options refer to a city, a charter, or a disease, not to people who oversee assets for others.