Naked Trust

(redirected from Bare Trusts)
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Naked Trust

A trust in which the grantor leaves assets to the care of a trustee, whose only duty is to transfer those assets to a stated beneficiary. This contrasts with most other trusts, in which the trustee invests or otherwise safeguards the assets and gives the income they generate to the beneficiary.
References in periodicals archive ?
A bare trust, also known as a simple trust, is one of the most basic and easy to understand forms of trust.
There is no restriction on how much you can put into a bare trust every year, and the money or investments within it are regarded as the child's from a tax perspective.
Bare Trusts and Implied Bare Trusts, which are the most common, straightforward and arguably the most tax efficient.