Blind trusts are also used when a wealthy person is elected to a political position where investments could lead to a conflict of interest. The Ethics in Government Act of 1978 requires those in political office to disclose all of their assets unless those assets are held in a blind trust. Since he has full control of your assets, he has to be someone you can trust to manage the money honestly. Some states have legal requirements for administrators: in California, for example, the person who manages your blind trust cannot be a close relative. The choice of the right agent is essential. .