Law · Legal Information · Justice
 

Express Trust

A trust which is clearly created by the settlor, usually in the form of a document (eg. a will), although they can be oral.

They are to be contrasted with other trusts which come to being through the operation of the law or which do not result from the clear intent or decision of any settlor to create a trust (eg. resulting trusts or constructive trust).

Hayton wrote, in 2003:

"Trusts ... created intentionally by the act of the settlor ... are called express trusts."

Lewin on Trusts adds:

"A general distinction might be drawn between express, resulting and constructive trusts on the basis that express trusts ... are founded on the express or inferred intention of the settlor, resulting trusts are founded on the presumed (but rebuttable) intention of the transferor or purchaser of the property, and constructive trusts are imposed on a person who holds title to property against his intention."

References:

  • Hayton, David, Underhill and Hayton - Law Relating to Trusts and Trustees (London: Butterworths LexisNexis, 2003), page 53.
  • Mowbray, John and others, Lewin on Tusts, 17th Edition (London: Sweet & Maxwell, 2000), page 181.

Latest LagMag headlines:

Legal Advice to Mark Cuban: Ferme Ta Geule.

Mark Cuban, the outspoken owner of the Dallas Mavericks, like any client that talks to the press, helps himself hurt himself.

Sisters In Law

Not so long ago, those with legal power (men) thought that giving women license to practice law would be a disservice to the "natural and proper timidity and delicacy which belongs to the female sex.

Blogging To Death In The Name of Almighty God

In some Muslim countries, law blogging is a hazardous occupation.


Read earlier headlines »
Subscribe to stay in touch »


Switch to variable width

Switch to fixed width

Unless otherwise noted, this article was written by Lloyd Duhaime, Barrister, Solicitor, Attorney and Lawyer (and Notary Public!). It is not intended to be legal advice and you would be foolhardy to rely on it in respect to any specific situation you or an acquaintance may be facing. In addition, the law changes rapidly and sometimes with little notice so from time to time, an article may not be up to date. Therefore, this is merely legal information designed to educate the reader. If you have a real situation, this information will serve as a good springboard to get legal advice from a lawyer.

top