v ivian watched a TV program that featured a trustee who absconded with all of the beneficiary's money. Her financial advisor tried to dispel her fears by explaining some of the obligations placed on trustees. Which of the following statements is FALSE?

The settlor can dictate how and when the beneficiaries of the trust will benefit.

The settlor can dictate how trust assets will be distributed)

The beneficiaries hold legal title to the property while it is in the trust.

The relationship between the trustee and the beneficiaries is fiduciary.