express trust

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Definitions from WordNet

Noun express trust has 1 sense

direct trust, express trust - a trust created by the free and deliberate act of the parties involved (usually on the basis of written documentation)
--₁ is a kind of trust

Definitions from the Web

Term: Express Trust

Description:

An express trust refers to a legally binding arrangement in which a person, known as the settlor, transfers assets or property to another person or entity, known as the trustee, with specific instructions on how to manage and distribute these assets in favor of beneficiaries. This type of trust is created intentionally and explicitly through written or spoken words, as opposed to being implied by law.

Sample Sentences:

My grandmother decided to establish an express trust to ensure that her grandchildren would receive their inheritance.
The express trust clearly outlined the trustee's responsibilities and duties, leaving no room for interpretation.
The settlor expressed his wishes in a written document, formally setting up the express trust for his favorite charity.