Bare trust

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The Law of Wills, Trusts and Estate Administration

Part of the common law series
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Joint wills and mutual wills · Will contract
Codicils · Holographic will · Oral will
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Lapse and anti-lapse
Ademption · Abatement
Acts of independent significance
Elective share · Pretermitted heir
Trusts
Generic Terms:
Express trust · Constructive trust
Resulting trust
Common Types of Trust:
Bare trust · Discretionary trust
Accumulation and Maintenance trust
Interest in Possession trust
Charitable trust · Purpose trust
Incentive trust
Other Specific Types of Trust:
Protective trust · Spendthrift trust
Life insurance trust · Remainder trust
Life interest trust · Reversionary interest trust
Honorary trust · Asset-protection trust
Special needs trust: (general)/(U.S.)
Doctrines governing trusts
Pour-over will · Cy-près doctrine
Estate Administration
Intestacy · Testator · Probate
Power of appointment
Simultaneous death · Slayer rule
Disclaimer of interest
Other related topics
Living Wills (advance directives)
Totten trust
Other areas of the Common Law
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A bare trust (sometimes referred to as a simple 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 his own name. He is also entitled to take actual ownership and control of the trust property. Although there are trustees, they are only effectively nominees and must act according to the beneficiary's instructions.

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simple trusts are required: 1. 100% of sale law accounting income must be distributed currently. 2. none of the corpus,(often referred to as corpus or principle) may be distributed. 3. no charitable contribution may be made by trust.