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Legal Terms - Blind Trust
An undisclosed trust is established when the person creating the trust (settlor) distributes assets to trustees, who will manage the assets for the settlor's benefit. The key condition of this trust is that the settlor will not be informed about the specific investments made by the trustees. This arrangement would safeguard the settlor against potential allegations of conflicts of interest arising from the intersection of their personal and professional lives. It is commonly employed by politicians and other prominent individuals in the public eye.
An undisclosed trust is established when the person creating the trust (settlor) distributes assets to trustees, who will manage the assets for the settlor's benefit. The key condition of this trust is that the settlor will not be informed about the specific investments made by the trustees. This arrangement would safeguard the settlor against potential allegations of conflicts of interest arising from the intersection of their personal and professional lives. It is commonly employed by politicians and other prominent individuals in the public eye.
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