A precatory trust is an implied trust.

Name: A precatory trust is an implied trust.
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A precatory trust is based on the expression of a wish or hope by the settlor that the trustee will manage the property in a certain way, but it does not create a legally enforceable trust obligation in the same way that an implied trust does. Implied trusts are created by the law without the express intention of the settlor, based on the circumstances or conduct of the parties.

A Precatory Trust Is an Implied Trust