Trust and trustee – Creation of trust. The Chancery Division made rulings in a dispute concerning the ownership of the property of S, who was deceased. It held that, at the time of his death, the property had belonged beneficially to S, and after his death to his estate, and therefore its proceeds of sale presently so belonged. The defendants were trustees, and held those proceeds on trust for the claimants as personal representatives of that estate. Further, that conclusion was not affected by the concepts of illegality and public policy.