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The Trump Organization will be placed into a blind trust to prevent a conflict of interest when Donald Trump becomes president, Trump’s attorney said. But legal experts say the plan is functionally, and perhaps legally, impractical.

In an interview Thursday with CNN, Trump attorney Michael Cohen said the president-elect is no longer interested in running his privately held multibillion-dollar Trump Organization or trying to leverage his presidency to grow his fortune or holdings.

Instead, his ownership of the company will be placed in a blind trust, and that his three oldest children will run it.

 “We’re going to do it, legally,” Cohen said. “It’s going to be placed into a blind trust. The children — Don, Ivanka, Eric, they’re really intelligent. They’re really qualified. … He’s very comfortable with them at the helm and the people who will surround them.”

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In the grand lobby of Trump international Hotel, (l-r), Donald Trump Jr., Eric Trump, U.S. Presidential candidate Donald J. Trump, Melania Trump, Tiffany Trump, and Ivanka Trump, cut the ribbon for their latest property, Trump International Hotel - Old Post Office, in Washington, DC on October 26, 2016.

Cheriss May | NurPhoto | Getty Images
In the grand lobby of Trump international Hotel, (l-r), Donald Trump Jr., Eric Trump, U.S. Presidential candidate Donald J. Trump, Melania Trump, Tiffany Trump, and Ivanka Trump, cut the ribbon for their latest property, Trump International Hotel – Old Post Office, in Washington, DC on October 26, 2016.

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http://www.cnbc.com/2016/11/10/the-future-of-donald-trumps-businesses.html

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