Blind Trusts in Florida
A blind trust separates a beneficiary from knowledge and control of their investment portfolio, typically used by Florida public officials and executives to avoid conflicts of interest.
Structure
An independent trustee manages the trust assets with full discretion. The beneficiary receives no information about specific holdings or transactions, only periodic reports of aggregate trust value. This separation prevents the beneficiary from making professional decisions that could benefit their personal financial interests.
Florida Ethics Compliance
Florida's ethics code (Chapter 112) requires certain officials to disclose financial interests. Blind trusts provide a mechanism for compliance while maintaining investment privacy. The official discloses the trust's existence and aggregate value without revealing specific holdings, satisfying disclosure requirements while preventing conflicts.
Related Terms
Barnes Walker Estate Planning
Barnes Walker structures blind trusts for Florida professionals and officials. Contact us for trust guidance.
Florida Law Reference
Fla. Stat. Ch. 736 (Florida Trust Code)
The Florida Trust Code governs the creation, modification, and administration of trusts, including trustee duties, beneficiary rights, and trust termination.
Reviewed by the attorneys at Barnes Walker, Goethe, Shea & Robinson, PLLC