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 fiduciary entity that comes into existence upon a person's death to transfer the decedent's real and personal property.
c) A trust is also a fiduciary entity 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.

e) All of the choices are true.

Explanation:

The definition of a fiduciary are;

a) A fiduciary entity is a legal entity that takes possession of property for the benefit of a person.

b) An estate is a fiduciary entity that comes into existence upon a person's death to transfer the decedent's real and personal property.

c) A trust is also a fiduciary entity 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.

Generally, a fiduciary is saddled with the responsibility of providing duties in good faith, ethics and trust.

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