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1 Law:: trust ( : a confidence reposed by one person in conveying or bequeathing property to another, that the latter will apply it to a purpose or purposes desired by the former. These purposes are generally indicated in the instrument, whether deed or will, by which the disposition is made. Hence it signifies that beneficial interest created by such a transaction. In this sense it may be defined as a beneficial interest in, or ownership of, real or personal property, unattended with the legal or possessory ownership thereof. A trust may also be executed or executory that is one where the trust estate is completely defined in the first instance, no future instrument of conveyance being contemplated)

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