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Save Declaration Of Trust in DOC

Save Declaration Of Trust in DOC

Aug 6th, 2022

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How to Save Declaration Of Trust in DOC

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In this lesson, the focus is on express trusts, particularly their declaration. To form a valid express trust, it must be declared using words or writing, as highlighted in the case of Ray v. van der Waals. The key aspect of this declaration is the objective test applied by a reasonable bystander, rather than the speaker's intent. Additionally, it is essential to demonstrate that the settlor intended to create the trust, meaning they aimed to legally bind a third party as the trustee. The case of McCormick v. Grogan is referenced to further illustrate these concepts and requirements in establishing an express trust.

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