Express Trust
/ɪkˈsprɛs trʌst/
Definitions
- (n.) A trust explicitly created by a settlor's clear, expressed intention, typically in writing, to hold property for the benefit of one or more beneficiaries.
The settlor created an express trust to manage her estate for her children.
Forms
- express trusts
Related terms
See also
Commentary
An express trust requires clear manifestation of intent to establish a trust, distinguishing it from trusts implied by law; drafting should ensure explicit terms to avoid ambiguity.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.