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 entity that comes into existence upon a person's death to transfer the decedent's real and personal property.

A trust is also a fiduciary entity 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 the choices are true.