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Free preview what is a blind trust.
Model qualified blind trust agreement this is the model agreement that an executive branch employee must use when establishing a qualified blind trust.
For example politicians may use a blind trust to hold their assets while they re in office to avoid conflict of interest accusations.
The form 2848 poa for the blind trust can be mailed or faxed directly to any caf unit by the agent or taxpayer.
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A blind trust is a trust in which the beneficiaries are unaware of the trust s specific assets and in which a fiduciary third party has discretion over all management of the trust assets.
As its name implies the purpose of the blind trust is to ensure that the beneficiary of the assets in question whether it s a c level executive or the president of the united states is blind to how these assets are being managed.
Description what is a blind trust agreement.
View blind trust agreement for private individual as opposed to government.
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.
Link to pdf version.
They typically are formed when someone s position of authority provides an opportunity for self dealing through policy decisions or inside information.