Jared Kushner to Transfer New York Observer Interest to Family Trust

Donald Trump’s son-in-law Jared Kushner said Monday that he will resign from all of his professional roles in order to become senior adviser to the president.

But The New York Observer, which Kushner bought in 2006, will not go far from his orbit.

Kushner’s lawyers told CNNMoney on Monday that the Observer will be sold to a family trust. Many of Kushner’s other divested assets will also be sold to that trust, while some will be purchased by his brother Joshua.

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