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Bare trust information


In trust law, a bare trust is a trust in which the beneficiary has a right to both income and capital and may call for both to be remitted into their own name. Assets in a bare trust are held in the name of a trustee, but the beneficiary has the right to all of the capital and income of the trust at any time if they are 18 or over (in England and Wales), or 16 or over (in Scotland). Bare trusts are often used to pass assets to young people - the trustees look after them until the beneficiary is old enough.[1]

  1. ^ "Bare trusts". HM Revenue & Customs, UK. Retrieved April 12, 2012.

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Bare trust

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Nominee trust

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charities if instructed to do so. A nominee trust is an example of a bare trust: this is a simple type of trust where the trustee acts as the legal owner...

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Australian trust law

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planning involving assets held in a discretionary trust. Bare trust A bare trust is a basic trust in which trust assets are held in the name of a trustee but...

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Express trust

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against inalienability of income for longer than the perpetuity period) Bare trust property transferred to another to hold e.g. for a third person absolutely...

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Simple trust

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Simple trust may refer to: Simple trust, in Trust law Simple trust, in United States trust law Bare trust, in Australia This disambiguation page lists...

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Barings Bank

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Barings Bank was a British merchant bank based in London, and one of England's oldest merchant banks after Berenberg Bank, Barings' close collaborator...

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Discounted gift trust

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gift into trust (a chargeable transfer (CT) in the case of a discretionary trust, or a potentially exempt transfer (PET) for a bare trust), leaving the...

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The Bare Necessities

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"The Bare Necessities" is a jazz song, written by Terry Gilkyson, from Disney's 1967 animated feature film The Jungle Book, sung by Phil Harris as Baloo...

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Barings LLC

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management activities and the rights to use the Baring Asset Management name. Northern Trust acquired Baring Asset Management’s Financial Services Group....

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Trust instrument

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The provisions of a trust instrument will vary according to the type of trust, and the nature of the trust property. A bare trust over a single asset...

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Personal injury trust

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injured settlor. A personal injury trust can be: a bare trust where the money involved, the trust fund, is held for the injured party outright with administrative...

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List of We Bare Bears characters

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The American animated television series We Bare Bears features a cast created by Daniel Chong. The series focuses on Three Bears who try to navigate the...

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Prest v Petrodel Resources Ltd

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concerning the nature of the doctrine of piercing the corporate veil, resulting trusts and equitable proprietary remedies in the context of English family law...

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Superannuation in Australia

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as the loan must be a limited recourse loan product that also uses a bare trust to hold the property until the loan is repaid. SMSF property investment...

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Charitable trust

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A charitable trust is an irrevocable trust established for charitable purposes. In some jurisdictions, it is a more specific term than "charitable organization"...

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Re Bond Worth Ltd

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"equitable and beneficial ownership" it did not have the effect of creating a bare trust for the benefit of the sellers, but rather it created a floating equitable...

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National Trust for Canada

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200331-Financial-Statements-ML-Electronic-Signed.pdf [bare URL PDF] "Who we are". National Trust for Canada. Retrieved 2021-06-24. 'Lighthouse Bill Protecting...

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Dynasty trust

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actec.org/assets/1/6/Zaritsky_RAP_Survey.pdf [bare URL PDF] "What You Need to Know About a Quiet Trust". 22 April 2015. Robert H. Sitkoff and Max M. Schanzenbach...

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Blind trust

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A blind trust is a trust in which the trust beneficiaries have no knowledge of the holdings of the trust, and no right to intervene in their handling....

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Resulting trust

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A resulting trust is an implied trust that comes into existence by operation of law, where property is transferred to someone who pays nothing for it;...

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Saunders v Vautier

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there is a sole trustee holding the trust fund on a bare trust for a sole beneficiary (usually where the trusts were held for the benefit of a tenant...

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Constructive trust

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In trust law, a constructive trust is an equitable remedy imposed by a court to benefit a party that has been wrongfully deprived of its rights due to...

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Sutton Trust

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em/uploads/attachment_data/file/382327/44695_Accessible.pdf [bare URL PDF] "Sutton Trust". Patrick Wintour (24 March 2015). "'Fewer than half' academy...

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Computershare

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Limited is an Australian stock transfer company that provides corporate trust, stock transfer, and employee share plan services in many countries. The...

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Testamentary trust

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A testamentary trust (sometimes referred to as a will trust or trust under will) is a trust which arises upon the death of the testator, and which is specified...

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