Express Trust for Dummies
noun
What does Express Trust really mean?
Express Trust
Hey there, I know learning new words can be tough, but I'm here to help! Today, I want to talk to you about the term "express trust." It's a little bit complicated, but I'll break it down for you in a way that makes sense, okay? Express trust is a legal term that refers to a specific type of trust that is created intentionally and directly by someone, usually through a written document like a will or a trust agreement. When a person wants to set aside some money or property for the benefit of another person, they can do so by creating an express trust. It's like putting your belongings in a special box and giving someone else the key to open it when the time is right. Think of it this way - let's say you have a favorite toy that you want to share with your friend. You could give it to them and tell them it's theirs to keep, or you could put it in a special box and give them the key to open it whenever they want. That special box is kind of like an express trust - it's a way to set aside something for someone else in a formal and intentional way. So, when we talk about "express trust," we're talking about a specific type of trust that is created on purpose, usually through a written document, to make sure that someone else benefits from it in the future. It's like putting a plan in place to take care of something or someone that you care about, even when you're not around anymore. I hope that makes sense! If you have any more questions, feel free to ask at any time. Learning new things is a journey, and I'm here to help you along the way. Keep up the great work!Revised and Fact checked by Mia Harris on 2023-12-26 19:18:20
Express Trust In a sentece
Learn how to use Express Trust inside a sentece
- When a parent designates a guardian in their will to take care of their children in the event of their death, they are expressing trust in that person to take care of their children.
- By creating a trust fund and naming a trustee to manage the assets for the benefit of their children, a parent is expressing trust in the trustee to handle the finances responsibly.
- If someone gives their friend a valuable item and tells them to hold onto it until they can pick it up, they are expressing trust in their friend to keep the item safe.
- When a company appoints a board of directors to oversee its operations and make important decisions, the company is expressing trust in the board members to act in the best interest of the company and its shareholders.
- A person may express trust in a therapist by sharing personal and sensitive information during therapy sessions, trusting that the therapist will keep it confidential and provide helpful guidance.
Express Trust Synonyms
Words that can be interchanged for the original word in the same context.
Express Trust Hypernyms
Words that are more generic than the original word.