SCOOP: Trumps trust - revised to explicitly say he can take profits from his biz anytime he wants:

[kpete]

Link to tweet

Trump Can Pull Money From His Businesses Whenever He Wants — Without Ever Telling Us
Previously unreported changes to President Trump’s trust stipulate that it “shall distribute net income or principal to Donald J. Trump at his request.”

.........A small phrase buried deep in a set of recently released letters between the Trump Organization and the government shows just how little separation there actually is.

..............

The previously unreported changes to a trust document, signed on Feb. 10, stipulates that it “shall distribute net income or principal to Donald J. Trump at his request” or whenever his son and longtime attorney “deem appropriate.” That can include everything from profits to the underlying assets, such as the businesses themselves.

Here is the new clause, from page 161:
CHECK OUT # 9
TRUST CERTIFICATION CHANGE, FEB 10 (p. 161)



........................

There is nothing requiring Trump to disclose when he takes profits from the trust, which could go directly into his bank or brokerage account. That’s because both the trust and Trump Organization are privately held. The only people who know the details of the Trump trust’s finances are its trustees, Trump’s son, Donald Jr., and Allen Weisselberg, the company’s chief financial officer. Trump's other son, Eric, has been listed as an adviser to the trust, according to this revised document.

by Derek Kravitz and Al Shaw
ProPublica, April 3, 2017, 8 a.m.



https://www.propublica.org/article/trump-pull-money-his-businesses-whenever-he-wants-without-telling-us?utm_campaign=sprout&utm_medium=social&utm_source=sprout&utm_content=1491221180

[riversedge]

1. umm. maybe he has private lawyers he has to pay????

[KewlKat]

2. so how did this rise to the top? he signed in Feb

And took almost 2 months to show up in the media. I wonder. If this was a leak?

[TheBlackAdder]

3. He's getting ready to jump ship to Russia....

[displacedtexan]

4. His kids' trusts are already revocable.

I read that whole DC hotel contract document that someone posted, I think, in January. The kids were listed as "owners" along with Daddy Trumpsky, but beside their names it read, "revocable trust," meaning that daddy could grab their portions any time he wished.

We may find in the future books they write that Mommy Dearest was a love letter, compared to the Donald's parenting.