Setting Up a Blind Trust

myturn — Sun, 08 Mar 2015 05:02:39 GMT

A blind trust is essentially a deed that describes an agreement that falls under the category of irrevocable living trusts. As in other trusts, there is trust grantor, a trustee or administrator, and a beneficiary. When blind trusts are constructed for purposes other than to manage lottery winnings, the beneficiary is not be able to access the assets held by the trust.

Some state lotteries encourage jackpot winners to deposit their prize money into a trust, though not necessarily a blind... [ More ]