What do you need to draft an Express Trust?

To draft an express trust, the following elements are typically required:

1. Settlor: A person who creates the trust and transfers property to the trust.

2. Trust property: Assets that are transferred to the trust and held for the benefit of the beneficiaries.

3. Beneficiaries: Persons or entities that are entitled to receive benefits from the trust.

4. Trustee: A person or entity that holds the trust property and manages it for the benefit of the beneficiaries.

5. Trust instrument: A document that sets forth the terms of the trust, including the settlor's intentions for the trust, the provisions governing its administration, and the rights and obligations of the beneficiaries and the trustee.

6. Legal knowledge: A clear understanding of the applicable laws and regulations governing trusts in the jurisdiction in which the trust is being established.

In addition to these essential elements, the trust instrument may also include provisions for the appointment and removal of the trustee, the investment of the trust property, the distribution of benefits to the beneficiaries, and other important aspects of the trust administration. The trust instrument must comply with all applicable laws and regulations and must be executed in accordance with the requirements of the jurisdiction in which the trust is being established.