express trust

An express trust (intentional trust) is any trust created volitionally by a settlor (also known as trustor or grantor) in express terms, and usually in writing. It can be either private or public. The opposite of an express trust, in legal terms, is an implied trust, which is implied by the circumstances.

[Last reviewed in October of 2022 by the Wex Definitions Team]

Keywords

• trusts and estates

Wex

• PROPERTY
• trusts
• inheritances & estates
• wex definitions
• property law