Simple Trust
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Simple Trust

A trust in which the beneficiary may take ownership of the assets in the trust at any time. He/she may also take any and all income the trust produced whenever he/she wishes. The trustees of a simple trust must act in accord with the beneficiary's wishes. A simple trust contrasts with other types of trusts, in which the trustees are not answerable to the beneficiary. A simple trust is also called a bare trust.

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Simple Trust (redirected from Simple Trusts)

Simple Trust
(redirected from Simple Trusts)