Answer:
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.
