A trust where the
trustees are under
obligation to
sell the
trust assets 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.