A trust where the trustee
s are under obligation
the trust asset
s and give the proceeds over to the beneficiaries
. This type of trust is usually coupled with a power
to delay sale indefinitely.
This arrangement is important in the UK, as all land which is owned by more than one person is actually held on a trust for sale with power to delay, under which the owners are both the trustees and beneficiaries. A consequence of this (and the rules on the exercise of powers by trustees), is that any of the owners can force a sale.