A Trust may be formed for Charitable or Religious purpose. A Charitable Trust is created for the purpose of the benefit of the general public or mankind. This kind of trust can be formed by an individual who loves doing such things and not a minor.
A public charitable trust is usually floated when there is property involved, especially in terms of land and building. The basic instrument of trust is the trust deed, wherein aims and objectives of trust are defined. A trust needs a minimum of two trustees; there is no upper limit to the number of trustees. The trust is managed by trustees.