1. Transferability. The establishment of a trust is based on the transfer of trust property from the trustee to the trustee. Therefore, trust is a system of transferring property for the benefit of others and managing it. Trust property, as its carrier, has the following characteristics:

The primary characteristic of trust property is transferability, that is, trust property must be transferable property independently controlled by the trustee.

2. Substance substitution. Substance substitution means that any trust property belongs to the trust property before the end of the trust, no matter how its material form changes.

3. Independence. The most fundamental feature of trust property lies in its independence. Once the trust is effectively established, the trust property is separated from the self-owned property of the trustee, trustee and beneficiary and becomes an independent property. As far as the trustee is concerned, once he delivers the property to the trust, he loses the ownership of the property, thus making the trust property completely independent of the trustee's own property. As far as the trustee is concerned, although he obtains the ownership of the trust property because of the trust, he cannot enjoy the trust benefits brought about by exercising the ownership of the trust property, so all kinds of trust property he bears must be independent of his own property.