Simple Trust in United Kingdom

Definition of Simple Trust

In accordance with the work A Dictionary of Law, this is a description of Simple Trust : (bare trust, naked trust, simple trust)

A trust in which the trustee has no obligation except to hand over the trust property to a person entitled to it, at the latter’s request. This will occur when the beneficiary is of full age and under no disability and the trustee has no duties in respect of the property.

Compare active trust.