Trump retains direct tie to businesses
Associated Press in Washington
Saturday 4 February 2017 13.30 EST
... The president is the sole beneficiary of the Donald J Trump Revocable Trust, which is tied to his social security number as the taxpayer identification number, according to documents published online by the investigative nonprofit ProPublica.
Trump can revoke the trust, which was amended three days before his inauguration, at any time.
The details about the trust were included in a 27 January letter to the Washington liquor board that notes Donald Trump Jr, the president’s eldest son, and Allen Weisselberg, the company official, are its new trustees. The Trump trust holds a liquor license for the hotel that opened last fall in the federally owned Old Post Office building. A provision in the lease, signed in 2013, for that building prohibits an elected official from benefiting from the property.
The trust contains a mix of cash from Trump’s sales of stock investments over the summer and his physical and intellectual properties, such as Trump Tower in New York, Mar-a-Lago in Florida – the so-called “winter White House” where the president is spending this weekend – and branding rights ...
https://www.theguardian.com/us-news/2017/feb/04/donald-trump-business-ethics-washington-hotel