Which term describes a person entitled to receive property under the terms of the trust?

The term that describes a person entitled to receive property under the terms of a trust is "beneficiary." A beneficiary is an individual or entity designated to benefit from the assets held in a trust. When a trust is established, the grantor (or settlor) transfers property to the trust, and the trustee is responsible for managing that property according to the trust’s terms and for the benefit of the beneficiary.

Understanding the role of each term is crucial in the context of trusts: while the trustee manages the trust, and the grantor or settlor creates it, the beneficiary is the one who ultimately receives the benefits from the trust assets. This distinction highlights the unique function of beneficiaries in the trust structure, making it clear why the term correctly identifies those who have a right to the trust property.