Blind trusts allow individuals to avoid conflicts of interest or maintain privacy in their financial holdings by transferring control of their personal assets to a blind trust that is managed by an independent trustee, like Altruist^™. Blind trusts are used by a variety of people and scenarios, including:

Public Officials, Politicians & Judges – To prevent conflicts of interest between their personal finances and governmental or legal decisions.

Corporate Executives – To avoid ethical concerns or potential conflicts of interest between their business role and personal investments.

Lottery Winners & High-Profile Individuals – Help to control their money earned from lottery winnings and maintain anonymity.

Trustees like Altruist^™ manage and invest trust assets for beneficiaries, providing investment growth while protecting trust beneficiaries against allegations of impropriety for personal gain.
While unaware of what is held in the blind trust, beneficiaries are still able to receive income from a blind trust. Trustees typically have the authority to distribute any income generated by the trust’s assets, such as interest, dividends, or other earnings.

Blind trusts can be a necessary estate planning tool for individuals in certain professions or looking to maintain a level of financial anonymity. Irrevocable blind trusts are handled as a separate tax entity, allowing grantors to avoid personal liability for income taxes on the trust’s earnings. However, the trust itself may still owe taxes on the income generated by its assets. A blind trust can be a great strategic estate planning move as it can help reduce estate taxes and facilitate tax-efficient wealth transfer to beneficiaries.

Expert Fiduciary and Trust Management Services for Your Blind Trust Needs

Altruist^™ has extensive experience in developing and managing blind trusts. We’ll work with you and your attorney to review your specific needs and provide you with a personalized and caring approach to creating a blind trust that serves you and your unique situation.