The bodies of trust property management legal relation include settlor, trustee and beneficiary. These three bodies are not the possessor of trust property.

信托财产经营法律关系的主体为委托人、受托人和受益人，此三主体对信托财产均无大陆法意义上的所有权；

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Between settlor and trustee, due to the establishment of the trust.

一因信讬行为成立，委讬人与受讬人间。

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Combine that with the fact that the legal systems of these havens provide little real protection for those defrauded (the con-artists would disappear with the money anyway), and a brew is created that would make any would-be trust settlor very nervous.

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Each trust would provide that if the settlor (creator of the trust) leaves a surviving spouse, the trust breaks into a marital trust and a credit shelter trust.

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Even though the Trust was domiciled in the Cook Islands, the Court applied Illinois law to penetrate the Cook Islands Trust as to a Illinois settlor and Illinois property.

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