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Simple English definitions for legal terms

express trust

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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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16:16
prolly named veronica or sarah
windyMagician
16:16
@Dkk: for public defense tho?
windyMagician
16:16
Sarah in the bathroom
texaslawhopefully
16:17
@windyMagician: not at all. Michigan is also very generous with aid, so if you get enough it makes perfect sense to take it.
windyMagician
16:17
fuck okay
windyMagician
16:17
going to my dream school is crazy
michigan also has better options if you do PD for 10 years then want to do something else
windyMagician
16:19
also would love to clerk for my federal district court even tho I know its hella competitive, I think mich sets me up better?
16:20
would be a great point to bring up when ur deciding / visiting each place- see what recent placement looks like
texaslawhopefully
16:23
For fed clerkships by far Michigan places better. I think it’s like 14-15 percent
windyMagician
16:25
sticker debt is high-key scary tho
texaslawhopefully
16:26
I’m sure you’ll get good merit aid though. Look at Michigan’s 509 report. They’re very generous.
16:34
i am going to wait patiently into january to get into a law school
16:34
then i will start tweaking
texaslawhopefully
16:42
January could not come any sooner
16:54
i hope you guys all have a very lovely holiday season
17:02
has everyone finished procuring their presents?
17:02
I got my sis a vintage leather jacket off ebay she’s gonna freak she only has fake stuff
hi all
CynicalOops
17:14
Ive been slacking so hard on tickets fawk
CynicalOops
17:14
Wait
CynicalOops
17:14
Presents
CynicalOops
17:14
Im just gonna get everyone tickets so thats why i said that
jackfrost11770
17:14
people are so stupid on the internet its crazy
CynicalOops
17:15
T5 soft
windyMagician
17:18
that and the post asking for low gpa success stories along with every other identifying detail
i should be a vtuber so i can finally realize my dream of becoming an anime girl
17:23
@CynicalOops: tickets to what?
CynicalOops
17:26
I got my brother tickets to a golf tournament and im going to get my mom ski lift tickets because she just moved near a ski resort
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