A classification of estates not yet referred to is that of legal and equitable estates. This subject has so far been taken up with the treatment of legal estates.

An equitable estate is one where there is a separation of the legal title and the beneficial use, and which a person known as the trustee holds for the benefit of the other person known as cestui que trust.

Trust is a separate subject in this work,6 and to avoid repetition on matters relative to equitable estate, including the subjects of contingent, springing and shifting uses, will be taken up at that place. The rule against perpetuities, and the rule against accumulations, will also be treated under that subject.

6 Vol. 7, Sub. 21.