Bare trust

Bare Trustee definition:
The trustee of a bare trust; a trust that has been reduced to holding the trust property at the absolute disposal and benefit of the beneficiaries.
Related Terms: Bare Trust ...

Bare Trust:
A trust that has become passive for the trustee because all the duties the settlor may have imposed upon the trustee have been performed or any conditions or terms have come to fruition, ...

Bare trust
A trust in which all the duties imposed upon the trustee have been performed or any conditions or terms have come to fruition, such that there is no longer any impediment to the transfer of the property to the beneficiary.

See also: Will, Trust, Law, Barrister, Omission