this post was submitted on 23 Oct 2025
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[–] Oderus@lemmy.world 6 points 1 week ago (1 children)

lol.. yet it is. You fiscal Conservatives don't know shit.

Definition of a Blind Trust A blind trust is a legal arrangement where the trustor (the person who creates the trust) transfers control of their assets to a trustee (the person managing the trust) without retaining knowledge of how those assets are managed. This setup is designed to prevent conflicts of interest, particularly for individuals in sensitive positions, such as politicians or corporate executives.

How a Blind Trust Works Key Roles Trustor: The individual who establishes the trust and places assets into it. Trustee: An independent party who manages the trust assets without input from the trustor. Beneficiary: The person or entity that benefits from the trust, often the trustor themselves. Asset Management Once the trust is established, the trustee has full discretion over the assets. The trustor does not know what investments are held or how they are managed. This separation helps ensure that the trustor's decisions in their professional role remain unbiased.