About this document
Understanding Trusts: Types and Principles by Von Lee De Luna is a document available to read on EtoBox.
1. An express trust is a legal relationship between a trustor, trustee, and beneficiary regarding property, where the trustee holds legal title to the property for the benefit of the beneficiary. 2. Essential characteristics of an express trust include a fiduciary relationship with respect to specific property, equitable duties imposed on the title holder, and resulting from the manifestation of an intention to create a relationship between the parties. 3. An express trust establishes contractual relation
- Author
- Von Lee De Luna
- Language
- EN