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LSDefine

Simple English definitions for legal terms

express trust

Read a random definition: International Trade Commission

A quick definition of express trust:

An express trust is a type of trust that is intentionally created by someone, usually in writing. It can be either private or public. The opposite of an express trust is an implied trust, which is created by the circumstances rather than by a deliberate act.

A more thorough explanation:

An express trust, also known as an intentional trust, is a type of trust that is created intentionally by a settlor. The settlor creates the trust in writing and specifies the terms of the trust. This type of trust can be either private or public.

For example, a parent may create an express trust for their child's education. The parent would specify in writing how the trust funds should be used for the child's education, such as tuition, books, and living expenses. The trustee would then manage the trust and distribute the funds according to the terms set by the parent.

Another example of an express trust is a charitable trust. A donor may create an express trust to benefit a specific charity or cause. The donor would specify in writing how the trust funds should be used to benefit the charity or cause. The trustee would then manage the trust and distribute the funds according to the terms set by the donor.

Express trusts are different from implied trusts, which are created by the circumstances rather than by the settlor's intention. Express trusts are created intentionally and with specific terms, while implied trusts are created based on the actions and circumstances of the parties involved.

express notice | express warranty

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shaquilleoatmeal
10:49
deficiencies are one thing, what scares me the most is if i ever became antibiotic resistant
GreyCeaselessMammoth
10:50
i'm going again to egypt this summer, i think it'll be my last time for a while, at least until after law school
PuppyBot
10:50
i wonder if renard is going to get me that snowglobe from paris
GreyCeaselessMammoth
10:50
@JumpySubsequentDolphin: my cousins wife is palestinian, their wedding was so cool. it was neat learning about the palestinian wedding traditions
PuppyBot
10:50
prob not :/
10:51
I tan super well, its a wild blessing being eastern european and doesnt make much sense
10:51
@Mostlylegal: same. During end of summer i am darker than some black ppl
JumpySubsequentDolphin
10:51
@GreyCeaselessMammoth: hehe my brother’s wife is Egyptian. but omg I love palestinian weddings. did they have a zaffeh/dabke group perform
10:51
I used to get called hispanic a lot, same for my mom
10:52
o well we all the same race
10:52
one love
10:52
<3
10:53
its so obvious when someone is dragging their feet at work and it kills me, i hate it so much
jackfrost11770
10:54
mostly legal tan slav gang rise uo
jackfrost11770
10:54
we are a select few
10:54
fr fr, that kazakh blood is def doing it for you
@Mostlylegal: same but i’m brown so i just get browner
jackfrost11770
10:54
yeah haha also my dad grew up in odessa
lilypadfrog
10:54
cramping up at work. i don’t even care anymore
jackfrost11770
10:55
so anything south russia is like basically tropical climate lmfao
shaquilleoatmeal
10:55
5 mins till lilly gets mich
10:55
@jackfrost11770: no kidding, ive been, my mom is from lviv
jackfrost11770
10:55
ive never been always wanted to go, maybe sometime in the future :(
cumsock
10:56
who tf be searching be on linkedin
cumsock
10:57
me*
lilypadfrog
10:58
me
I do, you are cute in the profile pic
lilypadfrog
10:58
im looking up cumsock on linkedin
PuppyBot
10:59
guys manifest my period
PuppyBot
10:59
ive been getting cramps the past few days but no blood so i think its coming soon
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