Now, records have emerged that show just how closely tied Mr. Trump remains to the empire he built.
While
the president says he has walked away from the day-to-day operations of
his business, two people close to him are the named trustees and have
broad legal authority over his assets: his eldest son, Donald Jr., and
Allen H. Weisselberg, the Trump Organization’s chief financial officer.
Mr. Trump, who will receive reports on any profit, or loss, on his
company as a whole, can revoke their authority at any time.
What’s
more, the purpose of the Donald J. Trump Revocable Trust is to hold
assets for the “exclusive benefit” of the president. This trust remains
under Mr. Trump’s Social Security number, at least as far as federal taxes are concerned.
Trust Records Show Trump Is Still Closely Tied to His Empire
Hearseeno 