Express Trust

Express Trust

Where property is passed from an owner to a person an implied express trust, but no gift is made by the owner to that person, it is therefore held for the owner by the person, and this is the Resulting trust; where property should for some reason of public policy or rule of Equity be held by a person for someone other than the legal owner, this is either the Statutory trust or the Constructive trust; but where legal title to property is held by someone 'on trust', this is the Express trust.

Read more about Express Trust:  Terms, Common Forms of Express Trust, Forms of Trust Used By UK Taxpayers, Forms of Trust Used By US Persons

Other articles related to "express trust, trust, trusts":

Express Trust - Forms of Trust Used By US Persons
... jurisdictions have developed a radically different interpretation of the trust ... Valid trusts can be established by persons who then continue to deal with property as if it were their own during their lifetime, the trust crystallising on death ... Trust funds can be taxed as legal entitles by election ("checking the box") ...

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