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can the person who open the trust apoint any one they want to over see the trust?

2007-02-02 05:06:28 · 2 answers · asked by matrix 1 in Politics & Government Law & Ethics

2 answers

A blind trust is a trust in which the executors or those who have been given power of attorney have full discretion over the assets, and the trust beneficiaries have no knowledge of the holdings of the trust. 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. Politicians often place their assets in blind trusts to avoid public scrutiny and accusations of conflicts of interest when they direct government funds to the private sector.

2007-02-02 05:26:43 · answer #1 · answered by KC V ™ 7 · 0 0

Why is there a braille message plate on the deposit scoop at the bank drive through?

The answer to your question is such a deep mystery even the expensive lawyers need lots of time to consider how to answer it without losing a cash-cow in the pen.

2007-02-02 13:13:53 · answer #2 · answered by ? 1 · 0 0

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