This Site Requires Javascript
Burger Menu

Naked Trust

Definition

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 his 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're 18 or over, or 16 or over. Bare trusts are often used to pass assets to young people - the trustees look after them until the beneficiary is old enough.

Naked Trust

What is 'Naked Trust'

A straightforward type of trust into which a trustor transfers assets (money or property) in order to pass them on to beneficiaries. The initial owner of the assets (the trustor) loses all control over them once they are placed in the trust. The trustee has only nominal control of the assets in the trust. The trust's beneficiary has absolute entitlement to the assets once he or she turns 18.

Explaining 'Naked Trust'

This estate-planning tool is commonly used by parents or grandparents to transfer assets to children or grandchildren. The college financial-aid implications of putting money into a naked trust for children should be considered before establishing the trust.


Naked Trust FAQ

Further Reading

The economics of naked short sellingThe economics of naked short selling
heinonline.org [PDF]
… University 'Our hope must be that Debunking Economics will be read by enough people to prompt reform of our economic thinking and … DEBUNKING ECONOMICS – REVISED, EXPANDED AND INTEGRATED EDITION THE NAKED EMPEROR DETHRONED7 …

The business ethics of short selling and naked short sellingThe business ethics of short selling and naked short selling
link.springer.com [PDF]
… University 'Our hope must be that Debunking Economics will be read by enough people to prompt reform of our economic thinking and … DEBUNKING ECONOMICS – REVISED, EXPANDED AND INTEGRATED EDITION THE NAKED EMPEROR DETHRONED7 …

Transition to Crisis in H ungary: Whistle‐Blowing on the Naked EmperorTransition to Crisis in H ungary: Whistle‐Blowing on the Naked Emperor
onlinelibrary.wiley.com [PDF]
… University 'Our hope must be that Debunking Economics will be read by enough people to prompt reform of our economic thinking and … DEBUNKING ECONOMICS – REVISED, EXPANDED AND INTEGRATED EDITION THE NAKED EMPEROR DETHRONED7 …


Tags

trust, economics, finance, naked, financial, assets, funds, business, hedge, management, markets, trusts, economic, university, study, crisis, charles, major, trustee, money, reports, 2020, beneficiary, income, world, corporate, health, taxes, economist, system, stock, market, definition, wheelan, human, foundations, federal, tools, wealth, minor, development, capital, behavioral, introduction, banking, politics, journal, trustor, edition
Section 508

WCAG 2.0

Section 508