Yahoo Web Search

Search results

1. • • When it comes to your lottery winnings, having blind trust means the public doesn’t get to know who created it, and the person who created it gets to control it. Ohio law requires prizes to be claimed at an Ohio Lottery Regional office. If you set up a blind trust, your attorney can assist with that process and your anonymity will be maintained.
     manning-law.com › legal-considerations-if-you-win-the-lottery

     Lottery Legal Considerations - Winning the Lottery in Ohio

2. www.dandblaw.com › blog › what-is-blind-trustWhat is a Blind Trust | Ohio Estate Planning Attorney | Law ...

   www.dandblaw.com › blog › what-is-blind-trust

   • Cached

   Nov 15, 2022 · A blind trust can be an excellent way to protect your privacy and prevent conflicts of interest, but only if it is set up correctly. An experienced estate planning attorney can help you set up a blind trust that meets your needs and complies with the law.

3. People also ask

   What is a blind trust?

   • A blind trust is set up by one person (the trustor, also referred to as a settlor) and managed by another (the trustee). The trustee has full control over the assets and generated income, unlike the trustor and beneficiaries. This ensures privacy and prevents conflicts of interest. Protection for You and Your Loved Ones

   Blind Trust: What It Is, How It Works & Reasons to Get One - Annuity.org

   www.annuity.org/retirement/estate-planning/blind-trust/

   See all results for this question

   Who can set up a blind trust?

   • Anyone can set up a blind Trust. However, they’re typically only useful in situations where an individual needs to separate themselves from their assets. For example, they might set up a blind Trust to avoid conflicts of interest for professional reasons.

   How Blind Trusts Work | Trust & Will

   trustandwill.com/learn/what-is-a-blind-trust

   See all results for this question

   Who would benefit from a blind trust?

   • For example, they might set up a blind Trust to avoid conflicts of interest for professional reasons. This means that blind Trusts are often used during an individual’s lifetime, and aren’t necessarily used for estate planning purposes. We’ll provide some concrete examples next to help explain who might benefit from a blind Trust.

   How Blind Trusts Work | Trust & Will

   trustandwill.com/learn/what-is-a-blind-trust

   See all results for this question

   Can a blind trust be a trustee?

   • The trustee for a blind trust cannot be the trustor. The trustee must be a third party who doesn’t have a close, personal relationship to the trustor. This is necessary for a blind trust to serve its intended purposes: avoid conflicts of interest and achieve a high level of privacy. How Does a Blind Trust Work?

   Blind Trust: What It Is, How It Works & Reasons to Get One - Annuity.org

   www.annuity.org/retirement/estate-planning/blind-trust/

   See all results for this question

4. cmrs-law.com › blind-trustBlind Trust | Cornetet, Meyer, Rush & Spillane

   cmrs-law.com › blind-trust

   • Cached

   A Blind Trust is a type of Trust used in estate planning where the beneficiary does not know the Trust holdings and has no right to manage those assets. This can prevent potential conflicts of interest, making it a popular choice for high-profile individuals and business owners.

5. www.annuity.org › estate-planning › blind-trustBlind Trust: What It Is, How It Works & Reasons to Get One

   www.annuity.org › estate-planning › blind-trust

   • Cached

   Dec 1, 2023 · A blind trust is a type of living trust, either revocable or irrevocable, that grants full control of assets to the trustee. The trustee for a blind trust cannot be the trustor. The trustee must be a third party who doesn’t have a close, personal relationship to the trustor.

6. codes.ohio.gov › orc › 5801Chapter 5801 - Ohio Revised Code | Ohio Laws

   codes.ohio.gov › orc › 5801

   • Cached

   • General definitions. September 12, 2008. House Bill 499 - 127th General Assembly. PDF: Download Authenticated PDF.
   • Application of trust chapters. September 12, 2008. House Bill 499 - 127th General Assembly. PDF: Download Authenticated PDF.
   • Actual and constructive knowledge of facts. January 1, 2007. House Bill 416 - 126th General Assembly. PDF: Download Authenticated PDF.
   • Trustee powers, duties, and relations - beneficiaries' rights. January 1, 2007. House Bill 416 - 126th General Assembly.

7. vailgardnerlaw.com › estate-planning › what-is-aWhat is a Blind Trust and When Should You Use One?

   vailgardnerlaw.com › estate-planning › what-is-a

   • Cached

   A blind trust allows you to remain anonymous and gives someone else control over trust assets to avoid conflicts of interest or maintain your financial privacy. They can also help you comply with insider trading laws or remain anonymous after winning the lottery.

8. trustandwill.com › learn › what-is-a-blind-trustHow Blind Trusts Work | Trust & Will

   trustandwill.com › learn › what-is-a-blind-trust

   • Cached

   A blind Trust is a powerful tool used to establish a degree of separation between you and your assets. This can come in handy if you’re looking to create confidentiality, or want to eliminate any perceived conflicts of interest.

9. www.encyclopedia.com › articles › what-is-a-blindWhat is a blind trust and how does it work for lottery winners?

   www.encyclopedia.com › articles › what-is-a-blind

   • Cached

   Jun 12, 2018 · In those states, you don’t need to set up a blind trust if you win the lottery. These states include Ohio, North Dakota, Maryland, Kansas and Delaware. If you live in any other state, some of those state lotteries advise winners to set up a blind trust.