Which term describes a trust that is stated orally or in writing, with clearly prescribed terms?

Which term describes a trust that is stated orally or in writing, with clearly prescribed terms?

• A. Express
• B. Holographic
• C. Simple
• D. Complex

Answer: (A)

An express trust is created by the settlor’s clear intention to hold property for another and by terms that spell out who benefits and how. Whether those terms are stated aloud or written down, as long as there is a deliberate declaration and the provisions are definite, it’s an express trust. The other ideas describe different aspects: a holographic reference typically involves a handwritten instrument, and simple versus complex describe how involved the trust is rather than how it was created. So the description in the question matches express trust because it centers on intentional creation with clearly prescribed terms.

An express trust is created by the settlor’s clear intention to hold property for another and by terms that spell out who benefits and how. Whether those terms are stated aloud or written down, as long as there is a deliberate declaration and the provisions are definite, it’s an express trust. The other ideas describe different aspects: a holographic reference typically involves a handwritten instrument, and simple versus complex describe how involved the trust is rather than how it was created. So the description in the question matches express trust because it centers on intentional creation with clearly prescribed terms.