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Simple English definitions for legal terms

express trust

Read a random definition: Trade and Development Program

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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HopefullyInLawSchool
16:06
it means you will not be rejected today and may be accepted or WL in the future
Just got my Michigan rejection
BookwormBroker
16:10
same
RoaldDahl
16:10
@HopefullyInLawSchool: what if i already got rejected. does it mean anything
HopefullyInLawSchool
16:12
@RoaldDahl: Likely not however it could mean nothing
RoaldDahl
16:15
So if it means nothing does that mean something?
HopefullyInLawSchool
16:17
Possibly
RoaldDahl
16:26
Cool
RoaldDahl
16:26
thank you!!!! i hope it means something
pinkandblue
16:31
fart
IrishDinosaur
16:36
Mich R gang lesgooo
Did anyone else get that random get to know nova email?
HopefullyInLawSchool
17:21
Ya it was sent to all YM applicants
starfishies
17:37
Anyone get the NDLS email inviting you to apply for something even though they haven’t made a decision on your app yet
17:38
Better yet I got the email and I was rejected last month
starfishies
17:38
Wtf
starfishies
17:39
and the deadline is in like a week what is this
any cardozo movement?
BatmanBeyond
18:01
Sent a LOCI via portal, but I'm wondering if email would have gotten me a swifter response
BatmanBeyond
18:02
This whole hold/wait-list/reserve system is a headache
loci already?
BatmanBeyond
18:09
If the odds are like 1-2% I don't think it matters much by the numbers
12:11
I got the same NDLS email
OrangeThing
12:18
I think the user profiles are broken
19:29
Any word out of Notre Dame?
19:29
Only the invitation to apply for LSE
19:29
Anyone received a decision from NDLS?
19:50
when did u guys apply that just heard from umich? they havent even glanced at my app yet
0:30
how am i supposed to spy on people when profile links are broken?
Right. Broken links smh
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