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Simple English definitions for legal terms

express trust

Read a random definition: FEC

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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ParallelAgreeableOrangutan
17:22
@JupitersMoons: !!! crossing fingers for you
17:42
yes i did thank u all for believing in me
17:50
hey chat!
17:50
@bigfatsloth: there she is ;)
Mostlylegal
18:04
Another day another no A
Yeah i got shit on last week so weird to go crickets this week
@ParallelAgreeableOrangutan: also ty I just sent a LOCI in email form. hope they don't hate it lmfao
18:05
Penn Dick gave me the R
what kind of a name is penn Carey law anyway
18:06
Penn gon Carry u to meat market that is the legal career field
18:06
Buy 1 get 1, Penn Carey Grads, get em while they are hot!
18:14
Notre Dame is crushing my soul
18:14
So excited every Friday
NosyBeagle
18:20
i talked to such a nice rep for penn dick like years ago and i put them on my list
NosyBeagle
18:20
God bless that lady
Mostlylegal
18:34
Legit makes no sense that nd has accepted literally nobody still
18:35
manybe ND is taking a sabbatical?
got a gw wl->A!!!
NosyBeagle
18:46
yay! congrats
nice kiwi!!!!!
is that your first a?! :D
yes it is!! thanks guys
ugh so stoked for you
Did they give you scholly information???\
yeah they gave me 150k!
(not gendered) girl CONGRATS
you gonna go? :D
yeah I think so!! my goal was either nyc or dc so im super happy w it
so stoked for you. congrats. i imagine your previous decisions had been a little crushing. very happy your app got the recognition it deserved
18:55
@RoyalReadyKiwi: lessgo stay winning :D awesome work!!!
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