Hello nronronronro-ga,
I have spent a good portion of time today researching your inquiry,
and have contacted a number of firms including financial institutions,
trust companies, law firms and political candidates' offices.
Ultimately, you will need a law firm to set up a blind trust, or as it
is legally referred to, a 10b5-1 Trading Plan.
In my conversations with each firm about recommending a trustee, I was
told that selecting a trustee is an extremely personal decision, as
that individual will be legally responsible for overseeing all of your
friend's financial assets and will review all contributions to it. I
was advised to communicate to you that if at all possible, you or your
friend or a family friend should recommend a financial planner that
YOU trust, rather than relying on someone else's recommendation, if
possible. If this is not possible, most firms that set up blind trusts
work with financial firms (e.g., Merrill Lynch, or the like) and can
recommend a financial planner to act as trustee if desired. You will
have to take this matter up with the firm you choose to set up the
blind trust.
I should note that blind trusts are not common, though they have
recently seen a rise in use due to executives attempting to avoid
insider trading accusations. For this reason, finding a law firm with
"top-notch experts" in blind trusts was a difficult challenge, but
there are a few out there. I can make no guarantees that any
particular firm below will take on your friend as a client, however
the firms below all have lawyers who have set up or managed blind
trusts for politicians in the past, and in some cases, very prominent
politicians.
Note: All but the first two firms below are located in California. The
first two are in Washington D.C., and listed only because the contacts
there have deeper expertise in this area. All of the firms below have
consented to my passing along their business contact information below
to you.
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Atlantic Trust Pell Rudman Company - Hillary Clinton's blind trust was
managed by Pell Rudman
Washington D.C.
1455 Pennsylvania Ave., N.W.
Suite 250
Washington, D. C. 20002
Ask for: Paul Veith
202-783-4144
http://www.atlantictrustco.com/html/main.asp
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Perkins Coie
607 Fourteenth Street, N.W.
Washington, District of Columbia 20005
Telephone: 202-628-6600
Facsimile: 202-434-1690
Ask for Bob Bauer. Bob Bauer is a partner at Perkins Coie who is
considered an expert in estate planning for politicians.
Background on Mr. Bauer -
http://www.martindale.com/xp/Martindale/Lawyer_Locator/Search_Lawyer_Locator/search_detail.xml?pos=1&CP=1&FNAME=Bob&LNAME=Bauer&LSCH=&FN=Perkins%20Coie&CN=&CTY=&ft=1&lid=370355&attid=370358&STS=&CRY=1&hp=1&RR=2&STYPE=N
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Smith Kaufman LLP
725 S. Figueroa Street, Suite 3200
Los Angeles, CA 90017
(213) 452-6565
(213) 452-6575 Fax
Ask for Steve Kaufman, partner of the firm who has direct experience
in blind trusts. His major Los Angeles law firm represents a national
clientele in the area of campaign finance.
Background on Mr. Kaufman -
http://www.martindale.com/xp/Martindale/Lawyer_Locator/Search_Lawyer_Locator/search_result.xml?PG=0&STYPE=N&LNAME=Kaufman&FNAME=Steve&FN=Smith+Kaufman&CN=&CTY=&STS=&CRY=1&LSCH=
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Irell & Manella LLP
Suite 900, 1800 Avenue of the Stars
Los Angeles, California 90067-4276
Telephone: 310-277-1010
Telecopier: 310-203-7199
Web Site: http://www.irell.com
Ask for Paul Frimmer. Mr. Frimmer has set up blind trusts for
"Democratic party interests up and down the state of California."
Background on Mr. Frimmer -
http://www.martindale.com/xp/Martindale/Lawyer_Locator/Search_Lawyer_Locator/search_result.xml?PG=0&STYPE=N&LNAME=Frimmer&FNAME=Paul&FN=&CN=&CTY=&STS=&CRY=1&LSCH=
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Best Best & Krieger LLP
400 Capitol Mall Suite 1650
Sacramento, CA 95814
Phone: (916) 325-4000
Fax: (916) 325-4010
http://www.bbklaw.com
NOTE: The above is the main firm's contact info, however they have a
special counsel in blind trusts by the name of Brian Reider who works
out of the firm's Ontario office. Contact Brian Reider first at
909-989-8584.
Background on Mr. Reider -
http://www.martindale.com/xp/Martindale/Lawyer_Locator/Search_Lawyer_Locator/search_detail.xml?pos=1&CP=1&FNAME=Brian&LNAME=Reider&LSCH=&FN=Best%20Best&CN=&CTY=&ft=1&lid=176769&attid=176779&STS=&CRY=1&hp=1&RR=2&STYPE=N
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Law Office of Russell H. Miller
20 Park Road, Suite E
Burlingame, California 94010-4443
Telephone: 650-401-8735
Fax: 650-401-8739
Ask for Kirk Pessner. Mr. Pessner has set-up a blind trust for a
former mayor of San Francisco.
Background on this firm's clients -
http://www.martindale.com/xp/Martindale/Lawyer_Locator/Search_Lawyer_Locator/listing.xml?lid=82056&PRV=&org=1
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ADDITIONAL LINKS
Explanation of Blind Trust Terminology -
http://216.239.51.100/search?q=cache:3a4C8SqDLD0C:www.accesskansas.org/ethics/pdfs/INSTRUC.pdf+%22blind+trust%22+executor&hl=en&ie=UTF-8
Article About the Rise of Blind Trusts -
http://legalpr.com/washburncsm.html
Explaining Political Blind Trusts -
http://www.stewartforcongress.org/PDFs/Financial%20Structure%20of%20a%20Blind%20Trust%20Campaign.pdf
Nationwide lawyer search (firm, name, or expertise - trusts, campaign
finance) -
http://www.martindale.com
SEARCH STRATEGY:
how to set up "blind trust"
banks "blind trust"
"blind trust" finanical planners
"blind trust" operators
politician "blind trust"
"blind trust" firms
I hope this information meets your needs!
Kind regards,
rippo-ga |
