Question

A trust in which the owner of the trust assets does not participate or supervise the trust's investment decisions is called a(n) _________ trust.

Answer 1

A blind trust is one where the asset owner doesn't oversee or participate in the trust's investing decisions.

Blind trusts are those that are set up with neither the trustor nor the beneficiary knowing what assets are contained within them once the trust has been established. Until the assets are scheduled to be delivered to the beneficiaries or, in the case of revocable trusts, until the trustor terminates the trust, the trustee is in charge of managing the trust.

What distinguishes blind trust from trust?

The primary distinction between a blind trust and other living trust types is that, once the blind trust has been established, neither the trustor nor any of the beneficiaries have any control over the trust or the assets included therein.

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