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Trusts • Express Private Trusts
TRUSTS#002
Legal Definition
Trusts of real property must be in writing, while personal property trusts can be oral.
Plain English Explanation
If you want to set up a trust to pass on a house, land, or any kind of real estate, you need to actually write it down. This written document will show that you really mean to set up the trust. However, if you're setting up a trust for things like money, jewelry, or other personal items, you can just say it out loud; a written document isn't necessary.
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