Blind Trust Agreement
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
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FAQ
As of 2019, attorney fees can range from $1,000 to $2,500 to set up a trust, depending upon the complexity of the document and where you live. You can also hire an online service provider to set up your trust. As of 2019, you can expect to pay about $300 for an online trust.
Establishing a blind trust basically involves drawing up a document that the grantor signs to give full power of attorney over the trust assets to an independent, third-party trustee (In contrast, with a regular, revocable living trust, the trust settlor can designate himself or herself as the trustee and continue to
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.
The key difference between a blind trust and other types of living trusts is that neither the trustor nor his or her beneficiaries have the authority to manage any aspect of the trust or the assets held in it after the blind trust has been finalized.
An OGE-qualified blind trust may not reveal its assets either to the grantor or to the public.The trust pays out income from the trust without revealing the source, and the owner must then declare that income and pay the appropriate taxes on it.
Depending on the complexity of your trust agreement, you might pay a professional between $1,000 and $10,000 to set up a trust. You'll also pay yearly management fees, as much as 3 percent of trust assets.
