Bare trust
id:
bare-trust-192-11050715
title:
Bare trust
text:
In trust law, a bare 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 their own name. Assets in a bare trust are held in the name of a trustee, but the beneficiary has the right to all of the capital and income of the trust at any time if they are 18 or over, or 16 or over. Bare trusts are often used to pass assets to young people - the trustees look after them until the beneficiary is old enough.
brand slug:
wiki
category slug:
encyclopedia
description:
Trust in which the beneficiary, if of legal age, can claim the assets at any time
original url:
https://en.wikipedia.org/wiki/Bare_trust
date created:
date modified:
2024-04-01T00:47:23Z
main entity:
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image:
{"content_url":"https://upload.wikimedia.org/wikipedia/commons/5/5b/Shakespeare-Testament.jpg","width":3677,"height":4800}
fields total:
13
integrity:
15