Question about blind trusts...

Reply #6

Coin Toss — Thu, 17 Apr 2008 16:01:35 GMT

DC81

From what I've seen you can bet there are people who would investigate who formed such a trust.

The lotteries publish the location of the winners, the store that sold the winning ticket.

A few months back, someone in a town near here hit 5 + 0 on Mega Millions.

The store didn't even put one of those Winning Ticket Sold Here signs up but the town and half of the county was trying to figure out who it was that made the score.

(Granted, it could have been a traveler passing thro... [ More ]

Reply #5

DC81 — Thu, 17 Apr 2008 07:36:59 GMT

How much faith would you have in the person/attorney appointed will always serve with your best interest? I think there was a topic here where there was a bit of discussion on why you'd need to make copies of the ticket (via copy machine or just taking pictures or video in posession of it) and I think this is a good one, you wouldn't want something to happen such as the trustee going and try claiming it as their own.

After it's claimed do you want to keep them on as the trustee? Especial... [ More ]

Reply #4

Coin Toss — Thu, 17 Apr 2008 05:58:29 GMT

In most states, if not all, who a trust is made up by is a matter of public record.

People would have to look it up, but the infromation is available.

Reply #3

time*treat — Thu, 17 Apr 2008 03:48:38 GMT

Here is my question: Can I be ABSOLUTELY sure that NO ONE ELSE otherthan me, my attorney, and the federal and state governments would knowwhat is going on.

The short answer in no . With more and more info in databases and more of those databases being compromised by stupid gov't (redundant statement?) employees leaving that info on laptops to be stolen, you can't trust other people to absolutely keep your info private.

If someone sues you 'cause they hurt themselves while breaking into you... [ More ]

Reply #2

Pinkpansies — Thu, 17 Apr 2008 03:13:06 GMT

From Wikipedia

A blind trust is a trust in which the executors or those who have been given power of attorney have full discretion over the assets, and the trust beneficiaries have no knowledge of the holdings of the trust. Blind trusts are generally used when a settlor (sometimes called a trustor or donor) wishes to keep the beneficiary unaware of the specific assets in the trust, such as to avoid conflict of interest between the beneficiary and the investments. Politicians often place

Reply #1

Raven62 — Thu, 17 Apr 2008 00:35:30 GMT

That's OK: If they ever Win: They don't want you to know about it either

Question about blind trusts...

rundown99 — Wed, 16 Apr 2008 19:44:01 GMT

I have a question about the forming of blind trusts for anonymity:

I probably will never be lucky enough to win a lottery jackpot. But if I were to ever win a jackpot in an anonymous state and form a blind trust and had an attorney to claim the prize on behalf of the trust, of course you would have to file taxes and pay fees. Here is my question: Can I be ABSOLUTELY sure that NO ONE ELSE other than me, my attorney, and the federal and state governments would know what is going on. Because if