Simple English definitions for legal terms
Read a random definition: current money
Definition: A bare trustee is a trustee of a passive trust who has no duty other than to transfer the property to the beneficiary.
Example: John creates a trust for his daughter, Jane, and appoints his friend, Tom, as the bare trustee. Tom's only responsibility is to transfer the trust property to Jane when she reaches a certain age.
This example illustrates that a bare trustee has no active role in managing the trust property and only acts as a custodian until the property is transferred to the beneficiary.