The recent death of Massachusetts Senator Edward M. \u201cTed\u201d Kennedy might provoke some insightful thought about the nature of trusts \u2013 and how comprehensive and versatile they can be.<\/p>\n
Joseph P. Kennedy, the patriarch of the Kennedy Family, left behind a labyrinth of blind trusts to manage the millions he had earned from scratch. He put his wealth into trusts with a long-term strategy in mind, to manage the family\u2019s holdings for several generations of Kennedys. These blind trusts are run by financial experts whose goals are to invest conservatively and maintain the principal. Small amounts of profit are doled out to members of the Kennedy family annually. This network of blind trusts has maintained their overall wealth during the recent recession and in some instances they have flourished, even though the family can at times be hard pressed for ready cash.<\/p>\n
In 2006, the recently-deceased Ted Kennedy could count as holdings five (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" The recent death of Massachusetts Senator Edward M. \u201cTed\u201d Kennedy might provoke some insightful thought about the nature of trusts \u2013 and how comprehensive and versatile they can be. Joseph P. Kennedy, the patriarch of the Kennedy Family, left behind…<\/span><\/p>\n