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- DictionaryBlind trust/blīnd trəst/
noun
- 1. a financial arrangement in which a person in public office gives the administration of private business interests to an independent trust in order to prevent conflict of interest. Under the trust, the owner does not know how the assets are managed. North American
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Jul 9, 2021 · What Is a Blind Trust? A blind trust is a trust established by the owner (or trustor) giving another party (the trustee) full control of the trust.
- Will Kenton
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A blind trust is a powerful financial tool that individuals, including business leaders and government officials, often utilize to mitigate any conflict of interest between their personal investments and professional roles.
May 5, 2024 · A blind trust is a living trust where a trustee manages the assets without the knowledge or control of the grantor and beneficiary. Blind trusts can be revocable or irrevocable.
Mar 24, 2023 · A blind trust is a special type of trust that helps individuals with significant assets keep their assets separate from their decisions. When someone sets up a blind trust, they give...
Jun 1, 2023 · One type of trust, called a blind trust, offers a layer of separation between the person who created it and how the investments are managed.
Feb 27, 2024 · Blind trusts are trusts in which the grantor or beneficiaries are unaware of the content of their trusts. They are designed to serve two purposes: Protect the privacy of grantors and beneficiaries and separate business interests of public officials from their official role.
Jun 30, 2022 · What is a blind trust? The purpose of a blind trust is to ensure that the people with an interest in the trust assets are cut out of the loop. As the name implies, they are "blind" to trust management.
