The Trump Organization said in a statement it was planning to transfer control of the portfolio of businesses to Donald Trump Jr, Ivanka Trump, Eric Trump and other executives. Trump's three eldest children now serve as executive vice presidents.
"This is a top priority at the organization and the structure that is ultimately selected will comply with all applicable rules and regulations", a spokesperson for the Trump Organization said in a statement.
Federal conflict-of-interest law does not apply to the president, but most White House occupants in the last few decades have voluntarily placed their assets in a blind trust to avoid any suggestion of impropriety.
Ivanka, Donald Jr and Eric Trump, and Jared Kushner, Trump's son-in-law are all on the presidential team, all of them are the most loyal persons, believes Donald Trump, father and president. Will soon be making some very important decisions on the people who will be running our government!' .
But Trump has not promised even to try to disentangle himself - beyond turning over the running of the company to his children, a laughably arms-length relationship that does not shield him in any way from the vast potential conflicts. Ivanka Trump is executive vice president of development and acquisitions, charged with domestic and global expansion of the company's real estate interests.
Donald is an executive vice-president, and works to expand the company's real estate, retail, commercial, hotel and golf interests nationally and internationally, while Eric is executive vice-president of development and acquisitions, responsible for new project acquisition.
If he does not, it will be very hard indeed for Americans to know when President Trump's actions are created to benefit the people or the Trump Organization.
An observer pointed out that this would not really be a blind trust because the director of a blind trust is supposed to be independent of the trust's ultimate owner.
We're starting to get a sense of the complexities the forthcoming Donald Trump presidency might bring.