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In this lesson, we focus on express trusts, particularly the requirement of declaration. To properly declare an express trust, it must be in words or in writing as discussed in the Ray v. Van Der Waals case. The key is to consider the reasonable bystander's perspective for interpretation. Additionally, the settlor must show intent to create the trust and legally bind someone else as a trustee, as seen in the McCormick and Grogan case. These are the essential elements for a valid declaration of trust.