Society can be defined as a group of people, who share a common economic, cultural and social background. One of the primary purposes of society is the formation of an organized group of individuals, who can support each other in various ways. It is the members of your social group who come forward to render all the help you need. The support given by society can be of the physical, emotional, financial or medical form. The basic purpose of society is to be part of a collective movement and move together in life.

 

 

In law a trust is a relationship where property is held by one party for the benefit of another party. A trust is created by the owner, also called a "settlor", "trustor" or "grantor" who transfers property to a trustee. The trustee holds that property for the trust's beneficiaries. A testamentary trust is created by a will and arises after the death of the settlor.