What is the Purpose of a Blind Trust?
What is the Purpose of a Blind Trust?
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Gather the documentation for the assets that you want put into the blind trust · Appoint a trustee · Create the trust agreement · Sign the trust
“A lot of lottery winners maybe don't have the wherewithal or want to go through the mechanism of creating a blind trust,” Baker said, adding It started in 2019 when 24 people who won a $425 million lottery prize wanted to remain anonymous Jaffe helped them form an LLC, which is the
american lottery application Next, you have to identify appropriate documentation for the assets and take them to a financial planner or lawyer to draw up a blind trust In a blind trust, beneficiaries have no knowledge of the holdings, and no right to intervene in their handling If you donate your winning ticket to a blind
