Blind trust
Blind Trust ( German about blind trusts ) is the name of a trust in which the trustee full discretion over the assets has and have the same no knowledge of stocks the beneficiaries.
Blind trusts are usually used when a trustor is ignorant of the recipient's specific assets in order to avoid a conflict of interest between the beneficiary and the investment . So it's a kind of financial arrangement in which a person such as B. a high elected official, avoids a potential conflict of interest by handing his or her financial affairs to a trustee who has sole discretion over the assets.
Individual evidence
- ↑ Definition of Blind Trust Investor Words (English)
- ↑ Definition USLegal (English)