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Acronyms that contain the term bare trust
What does bare trust mean? This page is about the various possible meanings of the acronym, abbreviation, shorthand or slang term: bare trust.
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What does bare trust mean?
- 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.
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"bare trust." Abbreviations.com. STANDS4 LLC, 2024. Web. 2 May 2024. <https://www.abbreviations.com/bare%20trust>.
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