Which of the following is a true statement? A fiduciary entity is a legal entity that takes possession of property for the benefit of a person. An estate is a fiduciary that comes into existence upon a person's death to transfer the decedent's real and personal property. A trust is also a fiduciary whose purpose is to hold and administer the corpus for other persons (beneficiaries). An estate exists only temporarily, but a trust may have a prolonged or even indefinite existence. All of these are true