Blind Trust Document

Consult with a qualified attorney to understand which state and federal laws your blind trust will be subject to for.

Blind trust document.

Thus the trustee is managing the assets for the benefit of the settlor. You may also see sample land agreement forms. A typical living trust holds the trust creator s assets for their benefit during their lifetime to be managed by a designated trustee who can also be the trust s creator. In a blind trust a settlor transfers assets to a third party who has complete discretion in how to use or invest the assets.

Suite 500 washington dc 20005. Office of government ethics 1201 new york avenue n w. A blind trust is a kind of irrevocable living trust. A trust agreement which specifies blind trust.

Independent trustee not subject to influence by affiliated with nor related to the government official. A poa attached indicating blind trust or posted to the caf with a blind trust authorization indicator. This is the model agreement that an executive branch employee must use when establishing a qualified blind trust. All the beneficiaries of the trust will have limited power over the trust and will not be able to interfere with the trustee s decisions for the assets.

A letter requesting permission for the trustee to prepare and file the president s vice president s or political appointee s return. In a blind trust the trustees fiduciaries or those who have been given power of attorney have full discretion over the assets. Blind trusts are generally used when a trust creator sometimes called a settlor trustor grantor or donor wishes for the beneficiary to be unaware of the specific assets in the trust such as to avoid conflict of interest between the beneficiary and the investments. Link to pdf version u s.

Gather the necessary documents. In the typical blind trust the settlor is also the beneficiary. A qualified blind trust agreement contract form is created by a trustee or an individual who was chosen by the owner to hold a power of attorney.