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Username: Fluffy

Rating:
Guru Stars

Asked to: Heng Kim

Date Created: 26 Jan 2017
Category 28
Tag Financial
Question What is a 'Blind Trust'?
Advice from Guru
Hello Fluffy,

A trust in which the trustees have full discretion over the assets, and the trust beneficiaries theoretically have no knowledge of the holdings of the trust. The trustor initiates the trust and maintains the ability to terminate the trust, but otherwise exercises no control over the actions taken within the trust and receives no reports from the trustees while the blind trust is in force.

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