Which of the following statements concerning trusts is correct? Because the legal title to the trust property is held by the trustee, the beneficiary holds no title in the property. OA OBA trust will fail if the original trustee dies or resigns and no designation of a successor trustee has been made in the trust instrument. Oc A sole trustee can also be a beneficiary in the same trust. On There is a fiduciary relationship between the grantor and trustee as well as between the trustee and beneficiary