Bare trust
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 his 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’re 18 or over (in England and Wales), or 16 or over (in Scotland). Bare trusts are often used to pass assets to young people - the trustees look after them until the beneficiary is old enough.
Q854022
trust
Concept
Q17017187
beneficiary
UNK
Q780687
right
Concept
Q1527264
income
Concept
Q4860313
Bare trust
Concept
+18^^http://www.w3.org/2001/XMLSchema#decimal
18
NUMBER
+16^^http://www.w3.org/2001/XMLSchema#decimal
16
NUMBER
instance of