Examlex
An explicit constructor:
Trust
A fiduciary arrangement that allows a third party, or trustee, to hold assets on behalf of a beneficiary or beneficiaries.
Implied Trust
A trust formed by the law from the conduct or circumstances of the parties involved, rather than by explicit written agreement.
Created
Brought into existence or formed out of nothing.
Testamentary Capacity
The legal ability of a person to make a valid will, usually involving being of sound mind and of certain age.
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