Define Express Trust

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Examlex · Accepted Answer

The Answer is A trust that is created by a grantor clearly establishing a trust, whether oral or written, is sometimes referred to as an express trust. This designation helps distinguish express trusts from other types of trusts, some of which may be implied. However, no specific words are required to create an express trust. It only must be clear that the grantor intended to create a trust.

Define Express Trust

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