True Or False

1. Under the Rules Against Perpetuities, a trust can be established to benefit various generations based on individuals alive at the trust creation plus an additional 25 years.
2. A simple trust allows the trustee to pay or accumulate the income generated during the year.
3. Trusts, like individuals, are subject to a progressive income tax system. However, the taxable income brackets are more compressed.
4. A grantor trust will avoid probate and will also minimize estate tax.