Which ones of these are true about a living trust. (there can be more than 1)

Question

1. A living trust is established while the owner of the property or money put in trust is still alive.
2. When the minor children reach a certain age, the living trust is always discontinued.
3. The profit is paid to the owner during his lifetime, and to his children upon his death.
4. The estate is managed, invested, and controlled by the trust agency or person.
Please HELP! me with this. I have no idea which ones of these it is. Thank You. John.

Answer 1

1 and 4 are correct.

Where is the math in this question?

Answer 2

hmm