A blind trust is a type of irrevocable living trust in which the trustee has full authority to invest trust assets, and the trust beneficiary has no right to know what property is owned by the trust.

When a person passes away, his possessions and assets are transferred to those left behind. However, legally speaking, different categories exist for the people that take over these assets. Heirs and beneficiaries are not the same, although either ...

Under a trust arrangement, a grantor funds the trust with assets and transfers these assets to a trustee, who holds them for the benefit of one or more beneficiaries. Trust assets are distributed to beneficiaries under terms established in the trust ...