In a bare trust, the beneficiary has a right to both income and capital and may call for both to be remitted in his/her own name. Bare trust is also called naked trusts or simple trusts, limit the res [..]

Also known as a dry, formal, naked, passive, or simple trust, in which the trustees have no duties other than to convey the trust property to beneficiaries when called upon to do so. Bare trusts are v [..]