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The Trust of Shares is a special type of Trust, where the assets of the Trust are comprised solely of shares; the Settlor transfers these shares to the Trustee, who takes possession of the shares not only in theory, but physically as well. Trusts established in this way have no assets other than the shares placed in the Trust. These shares are usually shares in offshore companies, which form part of the wealth of the Settlor, which is held as money deposited in bank accounts. Basically, therefore, the only asset of a Trust established in this way is money held in bank accounts, which is officially the property of the Trustee, while the person managing the account(s) is very often the Settlor himself, or the beneficiaries. Briefly then, it can be said that the Trust of Shares is a simplified form of Trust, as the assets involved only take the form of money in bank accounts, and only formally appear as the property of the Trustee, given that the person managing the account usually remains the Settlor himself while he is alive, or the people appointed by him.