Bare trust also known as ‘Naked Trust’ or ‘Simple or Basic Trust’ is one where the beneficiary, the person who benefits from trust as an absolute and immediate right to the capital and the income received by the trust from capital. It is a legal structure that facilitates the division of the beneficial and legal relationship. Bare trust is a legal term commonly used to define the nominee of property who will be the ultimate beneficiary of the property.
Best Platform for Legal Professionals