Bare Trust Agreement Template – Canada

Disclaimer

The information provided pertains to an arrangement where property is held in a trust setup known for its confidentiality and flexibility regarding ownership and control. This overview is intended solely as a general example for informational purposes and does not constitute legal advice. Users should consult a qualified legal professional specializing in estate planning or trust law to ensure compliance with relevant laws and regulations in their jurisdiction. Use of this information is at the user’s own risk; the provider accepts no liability for errors, omissions, or consequences resulting from reliance on this content without professional review.

Please note: This is a sample Bare Trust Agreement template for California, provided for illustrative purposes only. Actual terms may differ based on specific arrangements and legal advice.

Sample Bare Trust Agreement (California)

Parties Involved:

Settlor: [Name of Settlor]
Address: [Settlor’s Address]

Trustee: [Name of Trustee]
Address: [Trustee’s Address]

Trust Property:

The property subject to this agreement is located at [Property Address], including all rights and interests associated therewith, as detailed in Schedule A.

Trust Terms:

The Trustee shall hold the Trust Property in a bare trust for the benefit of the Beneficiary, with the Trustee having no active duties other than holding legal title as specified by the Settlor.

Beneficiary:

[Name of Beneficiary]
Address: [Beneficiary’s Address]

Trustee Responsibilities:

The Trustee shall act solely as a registered legal title holder without any discretionary powers, and shall transfer the property to the Beneficiary upon request or as specified herein, in accordance with California law.

Governing Law:

This agreement shall be governed by the laws of the State of California. Any disputes shall be subject to the jurisdiction of California courts.

Additional Provisions:

• The Settlor declares that the trust is a bare trust, with the Trustee having no active duties beyond holding legal title.
• This agreement may only be amended in writing signed by all parties.
• The Trustee shall not be liable for any matter other than gross negligence or willful misconduct.

[Location], ______________________