Blind Trust Example

Link to pdf version.

Blind trust example.

Once assets are transferred to a blind trust the trustee is able to freely buy and sell assets according to the mandates of the trust agreement. A the trustee of a blind trust shall be. Additionally lottery winners often set up blind trusts in order to protect their privacy. He can sell the stock but this might not be financially advantageous so he might place it in a blind trust for his heirs instead.

An irrevocable blind trust is also the best way to maintain fairness and harmony among multiple winners. A blind trust is a living trust where a trustee controls the assets without the grantor and beneficiary. A blind trust is a trust agreement where neither the trustor or the beneficiaries have any control or influence over the assets in the trust. For example a corporate executive who is compensated with shares of the company s stock might set up a blind trust to manage these shares.

A blind trust shall comply with the following conditions. Model qualified blind trust agreement this is the model agreement that an executive branch employee must use when establishing a qualified blind trust. Most often associated with politicians blind trusts. Blind trusts can be revocable or irrevocable.

For example government officials and politicians often establish blind trusts to avoid any perceived or real conflicts of interest between their own agendas and the good of their constituents. For example if you purchased your winning ticket with a group of office mates as long as everyone is in agreement you can set up a blind trust with all the winners as beneficiaries. A blind trust can eliminate any conflicts of. Lottery winners may opt to create a blind trust to keep their winnings out of the public eye.

A blind trust is a trust established by the owner or trustor giving another party the trustee full control of the trust. A blind trust is a type of trust fund that s designed to mask the assets therein from the person or persons designated to receive the proceeds.