Trust records show Trump is still closely tied to his empire

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.

Since his election, there have been widespread calls for Mr. Trump to sell his assets and put the proceeds in a blind trust. He has resisted those calls, stressing that the president has no legal obligation to do so.