Which of the following best describes a trust's beneficiary?

A trust's beneficiary is defined as the individual or entity that benefits from the trust's assets or resources. In a trust arrangement, beneficiaries are designated to receive the benefits, such as income or property, specified in the trust document. This role is crucial because the beneficiary holds the interest in the trust's assets, meaning they are the ones who ultimately gain from the trust's purpose, whether it’s financial support, property management, or other benefits outlined by the grantor.

The other options represent distinct roles that are not directly associated with the benefits derived from the trust. The trustee, for example, is responsible for managing the trust according to its terms but does not receive the benefits personally. Conversely, the grantor is the individual who creates the trust and sets its terms, while a real estate agent may facilitate transactions related to the trust's assets, but they do not benefit from the trust itself. Thus, identifying the beneficiary as the one who benefits from the trust accurately captures the essence of a trust's purpose.