What does express trust mean?
Definitions for express trust
ex·press trust
This dictionary definitions page includes all the possible meanings, example usage and translations of the word express trust.
Princeton's WordNet
direct trust, express trustnoun
a trust created by the free and deliberate act of the parties involved (usually on the basis of written documentation)
Wikipedia
Express trust
An express trust is a trust created "in express terms, and usually in writing, as distinguished from one inferred by the law from the conduct or dealings of the parties." Property is transferred by a person (called a trustor, settlor, or grantor) to a transferee (called the trustee), who holds the property for the benefit of one or more persons, called beneficiaries. The trustee may distribute the property, or the income from that property, to the beneficiaries. Express trusts are frequently used in common law jurisdictions as methods of wealth preservation or enhancement.
ChatGPT
express trust
An express trust is a legal arrangement where one party, known as the trustor or settlor, gives another party, known as the trustee, the right to hold and manage assets or property for the benefit of a third party, known as the beneficiary. The terms and conditions of this arrangement are explicitly detailed in a trust agreement, outlining the duties and responsibilities of the trustee and the rights of the beneficiary. Express trusts are commonly used for estate planning, asset protection, and wealth management.
Wikidata
Express trust
Where property is passed from an owner to a person an implied express trust, but no gift is made by the owner to that person, it is therefore held for the owner by the person, and this is the Resulting trust; where property should for some reason of public policy or rule of Equity be held by a person for someone other than the legal owner, this is either the Statutory trust or the Constructive trust; but where legal title to property is held by someone 'on trust', this is the Express trust.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of express trust in Chaldean Numerology is: 5
Pythagorean Numerology
The numerical value of express trust in Pythagorean Numerology is: 6
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"express trust." Definitions.net. STANDS4 LLC, 2024. Web. 25 Apr. 2024. <https://www.definitions.net/definition/express+trust>.
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