The Law Society’s Library lists precedents for bare trusts
The Law Society library maintains an database of enquiries called Common Queries. These include results from research to find forms, precedents, rules, regulations and guidance. These records can be freely accessed via the library catalogue Library Knowledge Base.
A ‘bare trust’ is a type of trust in which ‘AB’ holds property or assets on behalf of ‘CD’. The assets are registered in AB’s name, but AB has no rights to them as the assets and their income are for the benefit of CD alone. For example, a grandparent gives property to a grandchild (CD) who is a minor, the trustees (AB) are the parents of the child.
Simple precedents can be found in the following resources :
Encyclopaedia of Forms & Precedents, Volume 40(3) (2015 reissue)
Chamberlain and Whitehouse, Trust Taxation, 4th ed. (2014)
Trust Drafting and Precedents (looseleaf) Part D6 : Specialised Trusts
Whitehouse, A Modern Approach to Lifetime Tax Planning for Private Clients (2014)
More detailed precedents can be found in :
Practical Trust Precedents (looseleaf)
Section A1 : Bare trusts for minors/young adults
Section C4 : Bare trusts
Section E16 : Documents relating to land
Record last checked 31 May 2016.
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This FAQ is compiled by the Law Society Library. While every effort has been made to ensure the accuracy of the information in this article, it does not constitute legal advice and cannot be relied upon as such. The Law Society does not accept any responsibility for liabilities arising as a result of reliance upon the information given.