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Express Trust

Definition - What does Express Trust mean?

An express trust is a type of trust in which the person who creates it or sets it up is doing so of their own accord, and is fully aware of what they are doing. This is opposed to an alternative type of trust called a constructive trust in which a trust is set up by law. An example of an express trust would be a land owner who arranges a trust to watch over and manage a portion of their property.

Justipedia explains Express Trust

If a trust is an express trust, it basically just means that it was voluntarily created by the person in question as opposed to being set up by the government or by another party. It means that the person creating the trust is doing so on their own authority, and because they want to do it. A person may set up an express trust if they want their property held in trust.

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