ABSTRACT
An express trust is completely constituted in accordance with the test laid down Milroy v Lord (1862) 31 LJ Ch 798 (see Chapter 3) if:
(a) the settlor transfers the property (or has done everything in his power to transfer the legal title) to the trustees, subject to a valid declaration of trust; or
(b) the settlor declares himself a trustee for the beneficiaries.
