A trust is a legal arrangement where one person (called the settlor) gives property to another person (called the trustee) to manage for the benefit of someone else (called the beneficiary).

Think of it like a locked treasure chest:
The settlor puts the treasure in.
The trustee holds the key and manages the chest.
The beneficiary gets the treasure when the time is right.

Trusts are often used to:
Protect (HIDE) family assets
Plan estates
Reduce taxes

⚖️ Can a Trust Create Its Own Laws?
No, a trust cannot create its own laws like a government or sovereign nation. It must follow:
Provincial and federal laws
Common law rules about fiduciary duty and property
The terms written in the trust deed (which is like its internal rulebook)
However, within the trust deed, the trustee can set rules for managing the property—but these are private rules, not public laws. These masquerade as "rules", "laws", "taxes".

Can the Public See Inside a Trust?
Usually no. Trusts are private arrangements, and their details are not publicly registered like corporations. However:
If a trust is involved in a lawsuit or public dispute, its terms may become visible.
Charitable trusts may have public reporting obligations.