Who can create a trust and who may be a trustee ?

A trust may be created (i) by every person competent to contract, and (ii) with the permission of a Principal Civil Court of original jurisdiction, by or on behalf of a minor. Thus, generally any person competent to contract and competent to deal with the property can create a trust. Every person capable of holding property may be a trustee. But if the trust involves the exercise of discretion, he cannot execute it unless he is competent to contract. No one is bound to accept a trust. Acceptance of the trust by a trustee may be express or implied.