TSEM6272 - Legal background to trusts and estates: bare or simple trust
»Ê¹ÚÌåÓýapp beneficiary of a bare or simple trust has the right to take actual possession of the trust property. Bare trustees are ‘namesâ€� or ‘dummiesâ€� for the true owner. »Ê¹ÚÌåÓýappy are often known as nominees, especially if the assets are shares in a limited company.