As its name implies the purpose of the blind trust is to ensure that the beneficiary of the assets in question whether it s a c level executive or the president of the united states is blind to how these assets are being managed.
Blind trust forms.
Description what is a blind trust agreement.
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They typically are formed when someone s position of authority provides an opportunity for self dealing through policy decisions or inside information.
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The form 2848 poa for the blind trust can be mailed or faxed directly to any caf unit by the agent or taxpayer.
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For example politicians may use a blind trust to hold their assets while they re in office to avoid conflict of interest accusations.
Model qualified blind trust agreement this is the model agreement that an executive branch employee must use when establishing a qualified blind trust.
All the beneficiaries of the trust will have limited power over the trust and will not be able to interfere with the trustee s decisions for the assets.
If any caf unit other than ogden receives a form 2848 poa with indication of blind trust they should contact the ogden caf unit manager and fax the form 2848 directly to him her for processing.
A qualified blind trust agreement contract form is created by a trustee or an individual who was chosen by the owner to hold a power of attorney.
Link to pdf version.