Washington: At a news conference just days before his inauguration President Donald Trump brought his tax lawyer who announced that Mr Trump’s assets would be placed in a trust allaying fears that he might exploit the Oval Office for personal gain. Donald Jr., the President’s eldest son, and Allen Weisselberg, the Trump Organisation’s chief financial officer, were placed in legal control of the trust on 19 January, a day before Mr Trump took office.
However, according to documents published online by ProPublica Mr Trump is the sole beneficiary of the Donald J Trump Revocable Trust which is linked to his social security number. Mr Trump can revoke the trust, which was amended three days before his inauguration, at any time, the documents show. The trust contains a mix of cash from Mr Trump’s sales of stock investments over the summer and his physical and intellectual properties.
