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In this lesson, the focus is on the declaration of express trusts. For a trust to be properly declared, it must be communicated in words or writing, as established in the case of Ray v. Vanderwal. The key consideration in this context is not the speaker's intention but how a reasonable bystander would interpret the declaration. Additionally, for a valid trust, it is crucial to demonstrate the settlor's intention to create the trust, meaning the settlor must wish to legally bind a trustee to the trust. The discussion also references the case of McCormick and Grogan to illustrate these points.