How are trusts taxed in Germany?

Could you please enlighten me on the taxation of trusts in Germany? I'm interested in understanding how the German tax system handles trusts and what kind of taxes are applicable to them. Do trusts in Germany have their own specific tax rules, or are they taxed similarly to other financial instruments? Also, I'm curious about any exemptions or deductions that might apply to trusts. Could you provide an overview of the taxation process for trusts in Germany and any relevant considerations I should be aware of? Thank you for your assistance in clarifying this matter.