... trust can either be created during an individual's lifetime or on their death. Types of trusts: * Express trusts: Express trusts are trusts which arise when a person (the settlor) expresses the intention, either orally or in writing, whether express or inferred, to create a trust. Furthermore, express trusts are generally divided into private express trusts and public express trusts, also known as charitable trusts. Private express trusts are therefore those valid express trusts that are not charitable trusts. Express trusts can also be classified according to the nature of the interest they create in their beneficiaries. Where an express trust is described as a fixed trust, this means that it creates a fixed (and therefore proprietary) interest in the trust property, or in the income derived from that property, in each beneficiary. In addition, on the other hand, an express trust is described as a discretionary trust , this means that a ...

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