Naked Trust

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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 ?
There should be no RNRB issues over Bare trusts or Interest in Possession trusts.
The Government welcomes the release of the Board of Taxation's report Review of the Tax Treatment of Bare Trusts and Similar Arrangements, which follows the completion of a self-initiated review.
'Unlike a bare trust which has a single beneficiary, there can also be a 'fixed trust' for more than one beneficiary.
Unlike, a 'bare trust', which has a single beneficiary, there can also be a 'fixed trust' for more than one beneficiary.
However, if you open a bare trust in the UK, there will be no tax to pay on interest from savings unless the child has income of more than the personal allowance.
QWHAT is the main difference between a discretionary trust and an absolute bare trust? ATHE potential beneficiaries of a discrettionary trust can be changed at any time by the trustees.
The most common kind of trust, but one which won't always safeguard capital for over-18s, is a "bare trust".
The simplest version is a bare trust. This is a legal arrangement where assets are held by a trustee, for example a parent or grandparent, for the benefit of a beneficiary, a child for example.
The relationship between the MMOs and their subscribers shall be based on Bare Trust Arrangement.
A Under intestacy, what is set up is known as a bare trust for the benefit of your daughter.
A bare trust is a simple form where the beneficiary is absolutely entitled to the trust property provided they are 18 or over and mentally capable.
QI waS reading your section recently in which you mentioned unit trust and bare trust saving plans for children.