A bare trust occurs when the beneficiary is absolutely entitled (see ¶350-350) to the settled property as against the trustees. The beneficiary has an indefeasible interest (see ¶350-375) in the whole of the property, and is entitled to have the property vested in him absolutely, subject to a deduction for trustee’s expenses. In these circumstances, the trustee’s powers are purely administrative. Some controversy has arisen when a bare trust contains extensive powers of management for trustees, amounting almost to a substantive trust.

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