Document background
The Bare Trust Deed is a fundamental legal instrument used in situations where there is a need to separate legal and beneficial ownership of assets while maintaining the beneficiary's absolute control. This document type is particularly relevant in Indonesian jurisdictions where, despite following a civil law system, trust-like arrangements are needed for various business and personal purposes. The Bare Trust Deed typically includes detailed provisions about the trust property, the limited role of the trustee, and the extensive rights of the beneficiary, all while ensuring compliance with Indonesian legal requirements. It's commonly used in property holdings, family arrangements, and investment structures where simplified asset management is desired without the complexity of an active trust arrangement. The document must carefully navigate Indonesian civil law principles while incorporating trust concepts, making it essential to have proper legal guidance in its preparation and execution.
