Blind Trust Us President

As a practical matter it s likely a complete non starter says leslie kiernan a partner at law firm akin gump and a former deputy white house counsel under president barack obama.

Blind trust us president.

This stems from concerns about conflict of interest. The question is larger than that. A blind trust is a trust in which the trust beneficiaries have no knowledge of the holdings of the trust and no right to intervene in their handling. Traditionally presidents have turned over their day jobs to a blind trust once they become commander in chief.

Presidents have placed their financial holdings in a blind trust that is managed by a trustee without any input from the president. Should president elect trump turn over the management of his business interests to his three adult children while retaining ownership those conflicts will not go away the letter states. Others have more or less answered the specific one asked but even those answers are not completely correct. But nothing in the law says they have to turn over the reins to anyone.

S uggestions that president elect donald trump put his business holdings in a blind trust to avoid potential conflicts of interest are unrealistic and unfair. Blind trusts may be used by such government officials even when the disqualification requirements of federal law do not apply to them such as for members of congress the president and the vice president. In a blind trust the trustees fiduciaries or those who have been given power of attorney have full discretion over the assets. Such a trust would not eliminate the.

Federal law makes it illegal for public officials i.