A lawyer without books would be like a workman without tools.

✨ Enjoy an ad-free experience with LSD+

Legal Definitions - bare trustee

LSDefine

A good lawyer knows the law; a great lawyer knows the judge.

✨ Enjoy an ad-free experience with LSD+

Definition of bare trustee

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.

If the law is on your side, pound the law. If the facts are on your side, pound the facts. If neither the law nor the facts are on your side, pound the table.

✨ Enjoy an ad-free experience with LSD+

Simple Definition

A bare trustee is someone who holds property for someone else and only has the duty to give it to the beneficiary. They don't have to do anything else with the property. There are other types of trustees, like corporate trustees who are companies that can act as trustees, and testamentary trustees who are appointed by a will. In bankruptcy cases, a trustee is appointed to manage the debtor's assets and finances. Trustees can also be appointed to audit an organization's finances.

Law school: Where you spend three years learning to think like a lawyer, then a lifetime trying to think like a human again.

✨ Enjoy an ad-free experience with LSD+

A lawyer without books would be like a workman without tools.

✨ Enjoy an ad-free experience with LSD+