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5 days ago · A blind trust is a trust that gives another party full control of the trustor's assets and investments, without any reporting or input from the trustor. Blind trusts are used to avoid conflicts of interest, but they have limitations and challenges.
- Will Kenton
A blind trust is a trust in which the trust beneficiaries have no knowledge of the holdings of the trust, and no right to intervene in their handling. In a blind trust, the trustees (fiduciaries, or those who have been given power of attorney) have full discretion over the assets.
Dec 7, 2023 · A blind trust is a type of living trust that separates an individual from key financial knowledge of their assets. Learn how a blind trust works, who needs it, and how to set it up with CNBC Select.
Dec 1, 2023 · A blind trust is a type of living trust that gives full control of assets to a third-party trustee, who does not share a personal relationship with the trustor. Learn how blind trusts can help avoid conflicts of interest, protect privacy and prevent insider trading.
Feb 27, 2024 · A blind trust is a trust in which the grantor or beneficiaries are unaware of the content of their trust. Learn about the purposes, types, examples, and steps of creating a blind trust for privacy or conflict of interest protection.
- The two types of blind trusts are revocable trusts, or trusts that can be changed after creation, and irrevocable trusts, or trusts that cannot be...
- The creator of a blind trust can designate a close relative or kin as trustee. The interests of both are aligned in this instance and each is famil...
- The initial process to create a blind trust is similar to the one for creating a living trust. First, you need to determine the assets that you wil...
- A lottery winner might create a blind trust in order to hide their wealth from journalists and prying relatives but that isn't always a foolproof s...
May 5, 2024 · A blind trust is a living trust where a third-party trustee manages the assets without the knowledge or control of the grantor and beneficiary. Learn why someone might want to set up a blind trust, how to do it, and the costs and benefits of this arrangement.
Apr 9, 2024 · A blind trust is a legal arrangement allowing the grantor to give an impartial, third-party trustee, i.e., a person or institution, complete control over their assets and investments. Establishing this trust can include avoiding conflicts of interest between the profession and investments and maintaining confidentiality.
