bare trust

bare trust
A trust under which a trustee holds property for a beneficiary with no specific trust provisions. The trustee (or nominee) deals with the property in accordance with the beneficiary's directions. A bare trust can be express or implied.
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Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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  • Bare Trust — A basic trust in which the beneficiary has the absolute right to the capital and assets within the trust, as well as the income generated from these assets. Bare trusts are widely used by parents and grandparents to transfer assets to their… …   Investment dictionary

  • Bare trust — A bare trust (sometimes referred to as a simple trust) is a trust in which the beneficiary has a right to both income and capital and may call for both to be remitted into his own name. He is also entitled to take actual ownership and control of… …   Wikipedia

  • bare trust — noun : passive trust …   Useful english dictionary

  • bare trustee — See bare trust. Practical Law Dictionary. Glossary of UK, US and international legal terms. 2010 …   Law dictionary

  • Trust law — In common law legal systems, a trust is an arrangement whereby property (including real, tangible and intangible) is managed by one person (or persons, or organizations) for the benefit of another. A trust is created by a settlor, who entrusts… …   Wikipedia

  • Trust (Recht) — Ein Trust ist im juristischen Sinn eine von einer Person unter Lebenden[1] oder für den Todesfall[2] geschaffenen Rechtsbeziehung,[3] wenn Vermögen zugunsten eines Begünstigten oder für einen bestimmten Zweck abgesondert und der gebundenen… …   Deutsch Wikipedia

  • Trust instrument — A trust instrument (also sometimes called a deed of trust, where executed by way of deed) is an instrument in writing executed by a settlor used to constitute a trust. Trust instruments are generally only used in relation to an inter vivos trust; …   Wikipedia

  • trust of land — A trust of property that consists of, or includes, land (section 1(1)(a), Trusts of Land and Appointment of Trustees Act 1996) (TLATA). Trusts of land can be express, implied, resulting or constructive. If the trust property includes land, the… …   Law dictionary

  • Bare Mountain (Massachusetts) — Alternate spelling: should not be confused with Bear Mountain . Infobox Mountain Name = Bare Mountain (Massachusetts) Photo = Bare Mountain Mount Holyoke Range.jpg Caption = View from the summit of Bare Mountain Elevation ft = 1014 Location =… …   Wikipedia

  • bare trustee — One whose trust is to convey, and the time has arrived for a conveyance by him. Trustee of a dry trust; or a trustee to whose office no duties were originally attached, or who, although such duties were originally attached to his office, would,… …   Black's law dictionary

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