"There walks a lady we all know
who shines white light and wants to show" - Led Zeppelin
Perspective is key. I find many want to discuss trust from the ground up. But I prefer from the Top down. Thus we have different perspectives. One will say from ground up that Trust is a creature of law and to that end I would have to agree. But from top down, one must ask, where did law come and of whose grant shall it be used? With these two perspectives in mind one may see inferior [bottom up] and superior [top down] perspectives. The goal of course is that the State be secure.
I hear you David Merrill, it is quite revealing when one looks back. One might say one Cheribim in Prospect and one in Retrospect. But both touch wings in the center. From top down allodium is only in the King - and the King grants superior Rights to be held in trust by his lords for the keeping of the kingdom. From bottom up allodial refers to titles as one has an allodial or fee simple title to property.
Since property is merely Rights of Use of a "Certain Right" whereof said Certain Right is held in trust of the King for the Kingdom. Therefore the King is the Titular Head and all comes from his Body which is the Kingdom.
In the King is Dominion - thus is the King-Dom in the Throne
In the Superior Position - the perspective is Ownership
In the Inferior Position - the perspective is Possession
Where it can get interesting is the law does not recognize a future beneficiary holding property in trust for the benefit of an even more distant heir. But this problem may be resolved by those who form societies [secret or otherwise] who swear and pledge to each other] such that even though law fails promises prevail in secret.
For instance lets say I hold a real estate of which I wish to place in trust for the benefit of myself and my heirs. This deed cannot contemplate my son holding the property for his great grandson. Because that great grandson may not come to exist. And furthermore, if said great grandson did come to exist of what claim would he have if my son decided to sell the estate? Nevertheless the purposes of the law are defeated by those who would create a higher law in themselves. These are a law unto themselves. As they pledge to each other to keep and preserve and protect as paladins the Estate for their societal enjoyment.
Truly, I find such selfless acts inspiring as one foregoes personal gain for the benefit of the society. Now what I like about Jesus is that he proposes a Republic whereof all may come to the status of Christ. As St. Paul relates ...."until Christ be formed in you". But there exists a higher power in the All in All - a closed Sphere in God. For we live, move and have our being In God.
Now then a trust may exist without dividing title. Many times a trustee will hold both legal and equitable titles and then thru contract develop a relationship with a beneficiary. Said trustee may be subject to an office which hold the power of management [direction]. And further said trustee may hire on agents [departments] to carry out certain duties - subject to oversight.
States, by their very nature, intercourse with other states and therefore States may enter into the condition of bankruptcy. Upon such condition of bankruptcy a State and its inhabitants may find themselves subject to a fiefdom. This seems quite obvious to me. I think it was Freud's nephew who taught that a great people could be controlled thru their lusts. One would not be wasting time to watch THE CENTURY OF THE SELF - by Adam Curtis. All four parts are wonderfully enlightening into the current condition of the human psyche and mind control as propagated upon an unsuspecting population which finds itself steeped in hedonism.
I love to play Monopoly at my house with my children. We always change the rules to allow for leases, options, contract for deeds, etc. But one aspect never is left untouched is that all the transactions are from the bank. When one buys one is buying from the bank. Thusly is the game called Monopoly. We always set a man or woman as the Bank to enforce the idea in our children that there is a force in banking subject to a particular Will. We each consent to play.
Once my son related that if he had all the money of the bank he would allow his mother to own all the property with hotels. I told him he wouldn't make six times around the board. Upon five times he was bankrupt. A great lesson was learned by all who played.