Trump Trust Modified Allowing Trump Access To Funds At Any Time

 In Conflicts Of Interest   Last Updated: July 30, 2017

On February 10 2017 Trump’s Trust documents were modified to allow Trump to access funds in his trust at any time.  The added clause in the document states:

The trustees shall distribute net income or principal to Donald J. Trump at his request, as the Trustees deem necessary for his maintenance, support or uninsured medical expenses, or as the Trustees otherwise deem appropriate.

In addition, nothing in this document requires Trump to publicly disclose any such access of trust funds.  

Trump originally transferred all remaining ownership of his businesses to the Donald J. Trump revokable trust on January 19, 2017, but it did not fully restrict information sharing about his businesses, creating opportunities for conflicts of interest.

 

 

 

Shaw, Derek Kravitz Al. “Trump Lawyer Confirms President Can Pull Money From His Businesses Whenever He Wants.” ProPublica. N.p., 06 Apr. 2017. Web. 12 Apr. 2017.

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