True or False: Most trusts are under the jurisdiction of the Court.

The statement that most trusts are under the jurisdiction of the Court is false. Generally, trusts are created to manage and distribute assets according to the wishes of the trustor without necessarily requiring continuous oversight by a court. Once a trust is established and funded, it typically operates independently, with the trustee managing the assets and fulfilling the trust's purpose according to the terms set forth by the trustor.

Court involvement is usually minimal unless there are issues such as disputes between trustees and beneficiaries, questions regarding the interpretation of the trust's terms, or claims of mismanagement. In these circumstances, a court might intervene to resolve disputes or enforce the terms of the trust. However, for the majority of trusts that function smoothly and as intended, there is no ongoing jurisdiction or oversight required by a court. This distinction is important in understanding the autonomy of a trust and the circumstances under which the judicial system may become involved.