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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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A blind trust is a trust in which the trust beneficiaries have no knowledge of the holdings of the trust, and no right to intervene in their handling. In a blind trust, the trustees ( fiduciaries, or those who have been given power of attorney) have full discretion over the assets.
A blind Trust is a type of Trust in which the trustee is given complete control. This means that they have full discretion over any assets and investments that were placed under ownership of the Trust. They can also make decisions about what to do with any income generated, without consulting the trustor.
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.
Dec 7, 2023 · A blind trust is a type of living trust that separates an individual from key financial knowledge of their assets. The individual would assign their assets to a...
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...
Jun 30, 2022 · In everyday language, “blind trust" means failing to weigh whether someone deserves your complete confidence. In law, it refers to a tool to protect against self-dealing. This article unpacks the second meaning. Public Officials and Conflicts of Interest.
Jun 1, 2023 · “A blind trust is one where the settlor gives an independent trustee the unbridled discretion over the assets of the trust to manage, invest and maintain...
