Blind Trust Example With Play
Description
How to fill out Blind Trust Agreement For Private Individual As Opposed To Government?
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FAQ
Meaning of blind trust in English. a financial arrangement in which someone's money is invested for them by another person or company, who controls and makes all decisions about the investments: If he is elected, his assets should go into a blind trust so there is no possible conflict of interest.
In a blind trust, an individual places assets that could otherwise create conflicts of interest into an asset vehicle ("trust"). Control over the trust and its assets are given to an independent trustee, who may buy and sell assets without the knowledge or consent of the beneficiary ("blind").
How to Set Up a Blind Trust Gather the documentation for the assets that you want put into the blind trust. ... Appoint a trustee. ... Create the trust agreement. ... Sign the trust and have it notarized, taking care to follow any recording laws that your state has. Officially transfer the relevant assets into the trust.
In a blind trust, an individual places assets that could otherwise create conflicts of interest into an asset vehicle ("trust"). Control over the trust and its assets are given to an independent trustee, who may buy and sell assets without the knowledge or consent of the beneficiary ("blind").