Bare trusts

A bare trust is an arrangement where the beneficiary has an immediate and absolute right to the assets held within the trust and any income generated by the trust assets.

A person who sets up a bare trust for themselves can be confident that they will always be entitled to the trust funds and can call for them at any time. Bare trusts are often used by claimants when creating personal injury trusts. Bare trusts are also useful for parents who wish to hold assets on behalf of children who may not yet have the maturity to look after the assets themselves.

For anything further, one of our specialists would be delighted to meet you either in our office or in your own home to talk through your requirements and answer any questions. Please contact us at any time.