In addition to the importance of permanently damaging someone`s eyes (blinded in the event of an accident) or temporarily (blinded by the sun), the verb to the blind can also be used with the word science to explain something complicated, to impress someone, instead of helping them understand how to answer in “He didn`t want to answer difficult questions, so he decided to dazzle us with science”. Creating blind trust can be costly; Politicians and leaders have other ways to eliminate potential conflicts of interest without blind trust. You can sell specific investments, real estate or private equity to index funds and bonds. One person could also sell the assets — convert them into cash — while in the job position. However, the investment sale process can have tax consequences and some investments, such as land or real estate, can be difficult to sell. While blind trusts are useful, there is no legal structure that can eliminate all conflicts of interest, nor ensure the ethical behaviour of the person in the position or function. A blind position of trust can be a revocable position of trust, i.e. the trusted employer can make changes to the position of trust, the agent and end trust. Blind trust can also be irrevocable trust, which means that nothing can be changed once it has been established.
Whether the agent would establish a revocable or irrevocable trust depends on the particular situation and purpose of the trust. For example, an irrevocable trust can be designed so that assets are no longer the legal property of the trust holder and thus prevent creditors or the government, such as Medicaid, from claiming assets. A blind position of trust is a trust set up by the owner (or the trustworthy) that gives another party (the agent) total control of the position of trust. The agent has a full margin of appreciation in terms of assets and investments, while he is responsible for the management of the assets and income generated by the trust. The guarantor of trust may terminate his position of trust, but also has no control over the actions carried out within the framework of trust and does not receive reports from the directors, while blind trust is in force. Blind trusts are often created in situations where individuals want to avoid conflicts of interest between their jobs and their investments. There are challenges and problems that can arise with blind confidence, because the trust holder who establishes the trust is at least aware of the investment mix at the beginning and cannot realistically forget this information when balancing future decisions. Directors can also set investment management rules and, of course, select agents who they are confident will act in a certain way in potential situations.
As a result, the effectiveness of blind trust in the real suppression of conflicts of interest is far from proven. However, politicians with a lot of wealth or high office use blind trusts to show that at least the effort to establish impartiality is being taken care of. they signed a blind contract, and then they both received sloppy fat A blind trust could be created during the estate planning process, if the attorney does not want the beneficiaries to know how much money there is in the trust. A blind trust could also be designed so that funds are paid to the recipient when the person reaches a certain age or milestone, such as the university diploma.B. Beyond the most common adjective sense of “visually impaired”, blind people may also mean that they are not able to recognize or admit the truth about something , as in “How can one be so blind? Apparently, he`s lying. It can also be used to mean “uns requested” if used in the pre-nominating position. Examples are blind faith, blind obedience and blind loyalty. Blind trusts are also used when