Blind Trust

Blind Trust ( German: about Blind trust) is the name given to a trust in which the trustee has full discretion over the assets and the beneficiaries have the same no knowledge of stocks.

Blind trusts are generally used when a donor loyalty by the recipient unaware of the specific assets has to avoid conflicts of interest between the beneficiary and the investments. So it is a kind of financial arrangement in which a person, such as a high elected official, a possible conflict of interest avoided by passing his or her financial affairs of a trustee, the sole discretion as to the assets has.