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Jared Kushner to transfer Observer interest to family trust

Mon Jan 09 16:00:06 EST 2017 | WPLG Local 10
NEW YORK (CNNMoney) - 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. Kushner, his ..

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FILE - In this Dec. 7, 2016 file photo, Vice President-elect Mike Pence, left, and Jared Kushner, second from right, depart from Trump Tower, in New York. Kushner, President-elect ..
Jared Kushner, son-in-law of President-elect Donald Trump, arrives for a meeting with House Speaker Paul Ryan of Wis., on Capitol Hill, in Washington, Monday, Jan. 9, 2017. Jared K..
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Updated 24 minutes ago NEW YORK — President-elect Donald Trump appointed his influential son-in-law Jared Kushner as a White House senior adviser Monday, putting the young real est..
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Mark Wilson—Getty Images President-elect Donald Trump embraces son in law Jared Kushner (R), as his daughter Ivanka Trump, (L), stands nearby, after his acceptance speech at the Ne..
Jared Kushner will give up his role at Observer and join his father-in-law in the White House. Kushner, who is married to Donald Trump’s daughter Ivanka, was named senior advisor t..
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President-elect Donald Trump will tap his son-in-law for a role in the White House.   Jared Kushner is expected to be named as a senior adviser to the president. He played a m..
Kushner, who is married to Trump's daughter Ivanka, is taking the West Wing job despite an anti-nepotism law that bars officials from appointing relatives to government positions. ..