Branson wants to set up a trust fund, so that his assets can pass to his family without being subject to probate fees. Which of the following statements is FALSE?
The use of a trust fund to avoid probate fees is usually more feasible if the estate is large.
Branson can transfer his property to a trust while he is alive and still retain full control of the property until his death.
It is unwise for Branson to set up a trust fund solely for the purpose of avoiding probate fees.
The cost of maintaining the trust fund over a long period of time may exceed the cost of probate.
