Whenever we elect a new president, we hear a lot of talk about something called a “blind trust.”
This term refers to a financial arrangement in which a person in elected office sets aside their business interests to avoid a conflict of interest.
It’s one of many types of trusts, all of which are designed to keep assets safe in the long term, either for you or for your loved ones.
Let’s look at some common types of trusts, their benefits and what pitfalls to avoid.
