What title is given to a person or entity entitled to benefit from a trust?

The title given to a person or entity entitled to benefit from a trust is "Beneficiary." In the context of trusts, a beneficiary is an individual or group that receives benefits from the assets held within the trust, which could include income generated or payments made from the trust assets. Beneficiaries are essential to the trust's purpose, as the trust is created to provide for their needs or fulfill specific intentions as outlined in the trust document.

In contrast, the other options refer to roles that manage or administer the trust rather than receive benefits from it. A trustee is responsible for managing the trust's assets and ensuring that the terms of the trust are executed in accordance with its provisions. A trust committee typically oversees the operations and decisions involving the trust, providing governance rather than benefiting from it. A custodian is responsible for safeguarding the trust's assets but does not hold any beneficial interest in those assets. The distinction between these roles and the beneficiary's position is critical in understanding the functional structure of trusts.