WASHINGTON (Reuters) - President-elect Donald Trump is separating himself from his far-flung global business empire by transferring all assets into a trust and putting his two sons in charge, a Trump lawyer said on Wednesday.
Along with plans to hire an ethics adviser, Trump is taking the steps to avoid inevitable questions about a potential conflict of interest between his businesses and the office of the presidency, although his lawyer insisted he was not required to take them.
Republican Trump, who is to be sworn in on Jan. 20, has been under pressure to take these steps before he moves into the White House.
Trump operates a variety of golf resorts and hotels around the world. The lawyer, who spoke to a small group of reporters on condition of anonymity, said all profits generated at Trump's hotels by foreign governments will be donated to the U.S. Treasury.
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