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Blind Trust |
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Blind Trust A trust in which the executors have full discretion over the assets, and the trust beneficiaries have no knowledge of the holdings of the trust. Notes: Blind trusts are generally used when a trustor wishes to keep the beneficiary unaware of the specific assets in the trust, such as to avoid conflict of interest between the beneficiary and the investments.See also: Beneficiary, Exemption Trust, Irrevocable Trust, Trustee, Trustor, Unit Investment Trust, Unit Trust Blind trust A trust in which a fiduciary third party has total discretion to make investments on behalf of a beneficiary while the beneficiary is uninformed about the holdings of the trust. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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For another, they have to submit to a great deal of public scrutiny, nowadays including sunshine laws, extensive financial disclosures and blind trusts, freedom of information statutes, and much more, whereas the back rooms where the Fourth Branch does its work of recruiting governmental clients and negotiating settlements remain off-limits to public scrutiny. Blind trusts are emerging as a new tool for the private sector as boards and business executives adjust to the new investment environment and calls for improved corporate governance practices. The complaint will allege, furthermore, that the current and former Chief Executive Officers of AremisSoft took advantage of this artificial price inflation by creating blind trusts naming their families as beneficiaries, transferring 4. |
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blind trusts