Sample Blind Trust Agreement With Mexico
Description
How to fill out Blind Trust Agreement For Private Individual As Opposed To Government?
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FAQ
In order to form a Mexican trust, a settlor and trustee are required. Unlike the law in the United States, a Mexican trust may be valid even if no beneficiary is named in the act of its incorporation, as long as the trust's purpose is lawful and determined.
Mexico is one of the few civil law countries that recognizes trusts and will even enforce U.S. trusts in certain circumstances. It's possible, albeit complicated and expensive, to have a trust created in the U.S. that will cover property in Mexico.
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.
A blind trust is most common with public officials whose decisions can directly affect the financial markets, but another example would be creating a blind trust to hide its monetary value from an individual whose behavior and actions would change if they were privy to it.