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Bare Trustee

The trustee of a bare trust; a trust that has been reduced to holding the trust property at the absolute disposal and benefit of the beneficiaries.

In De Mond v R (29 ETR 2d 226, 1999), Canadian Tax Court judge Lamarre adopted these words:

"(A) bare trustee is a person who holds property in trust at the absolute disposal and for the absolute benefit of the beneficiaries...."

See, also, bare trust.

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Unless otherwise noted, this article was written by Lloyd Duhaime, Barrister, Solicitor, Attorney and Lawyer (and Notary Public!). It is not intended to be legal advice and you would be foolhardy to rely on it in respect to any specific situation you or an acquaintance may be facing. In addition, the law changes rapidly and sometimes with little notice so from time to time, an article may not be up to date. Therefore, this is merely legal information designed to educate the reader. If you have a real situation, this information will serve as a good springboard to get legal advice from a lawyer.

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