Can an American President own property in other countries?

A blind trust, as discussed in this report, is a device employed by a federal official
to hold, administer and manage the private financial assets, investments and ownerships
of the official, and his or her spouse and dependant children, as a method of conflict of
interest avoidance. In establishing a qualified blind trust upon the approval of the
appropriate supervisory ethics entity, the official transfers, without restriction, control
and management of private assets to an independent trustee who may not communicate
information about the identity of the holdings in the trust to the official. The trust is
considered “blind” because eventually, through the sale of transferred assets and the
purchase of new ones, the public officer will be shielded from knowledge of the identity
of the specific assets in the trust. Without such knowledge, conflict of interest issues
would be avoided because no particular asset in the trust could act as an influence upon
the official duties that the officer performs for the Government.