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.

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