An express trust is a type of trust that is created by the explicit declaration or intention of the settlor, typically through a written document such as a trust agreement. In an express trust, the terms and conditions of the trust, including the purpose, administration, and distribution of the...
A trust provision is a specific clause or provision in a trust agreement that outlines the rules and conditions for the management and distribution of the trust assets. A trust provision may address a variety of issues, including the duties and responsibilities of the trustee, the powers of the...
The process of exchanging trust units for a capital interest in a trust can vary, depending on the specific terms and conditions of the trust agreement and the regulations of the jurisdiction in which the trust is governed. However, some common steps for exchanging trust units for a...
