Which of the Following Is a True Statement

question 51

Multiple Choice

Which of the following is a true statement?

• A)A fiduciary entity is a legal entity that takes possession of property for the benefit of a person.
• B)An estate is a fiduciaryentity that comes into existence upon a person's death to transfer the decedent's real and personal property.
• C)A trust is also a fiduciaryentity whose purpose is to hold and administer the corpus for other persons (beneficiaries).
• D)An estate exists only temporarily, but a trust may have a prolonged or even indefinite existence.
• E)All of the choices are true.

---

Definitions:

Life Expectancy

The average number of years an individual or population is expected to live, based on statistical averages and influenced by factors such as healthcare, lifestyle, and socio-economic status.

Dangerous Occupation

A job or profession that poses a high risk of harm or injury to the individuals performing it.

Great Depression

A severe worldwide economic downturn that took place during the 1930s, marked by high unemployment, poverty, low prices, and low levels of trade and investment.

Comfortably

In a way that provides ease, relaxation, or a lack of hardship.