Which term refers to the ascertainable property that is transferred to the trustee for management?

The term that refers to the ascertainable property that is transferred to the trustee for management is "Corpus." In the context of trusts, corpus is the principal amount of the trust, comprising the assets that are held and managed by the trustee on behalf of the beneficiaries. This property can include various forms of assets such as cash, real estate, stocks, and other investments.

Understanding corpus is fundamental in trust law, as it is the base upon which the trust operates. The trustee is responsible for managing the corpus in accordance with the terms of the trust document and for the benefit of the designated beneficiaries. This management can involve investment decisions, distributions to beneficiaries, and other fiduciary responsibilities that are critical to the trust's function.

The other terms—beneficiaries, purpose, and intent—refer to different aspects of a trust. Beneficiaries are the individuals or entities entitled to receive benefits from the trust, while purpose relates to the reason for which the trust was created. Intent usually refers to the grantor's wishes or goals in establishing the trust. None of these terms specifically denote the property being managed, making "Corpus" the accurate choice in this context.