Nepotism - (noun) the practice among those with power or influence of favoring relatives or friends, especially by giving them jobs.

Ivanka Trump's hubby Jared Kushner is as inner-circle with Donald Trump as it gets ... and now the president-elect has named Kushner as his senior advisor. In preparation for confirmation hearings, and to comply with ethics laws -- not that ethics are usually a top priority for the Trumps -- Ivanka is stepping down from her role as executive vice president of development and acquisitions at the Trump Organization and as head of her fashion brand, Kushner's attorney has confirmed.

She will sell all of her common stock and receive only fixed payments on certain projects related to the family business so she doesn't benefit from the company's profits. Trump critics have suggested complete divestment and total avoidance of conflicts of interest may be impossible for the real estate magnate/president, as his investments and interests in foreign countries -- particularly foreign countries with governments not so friendly to the US -- abound.

For Ivanka's part, the first daughter has come under fire previously, for promoting her fashion label during the Republican National Convention by wearing dresses from her line and then sending out PR emails drawing attention to the pieces as RNC fashions.

Kushner will resign as chief executive of Kushner Companies and as publisher of New York's Observer newspaper. President-elect Trump's team have said Kushner will forgo his salary while serving in the administration, as Donald has also said he will.

Kushner's attorneys told Vanity Fair the president's son-in-law is exempt from anti-nepotism laws which prevent government officials from appointing family members because the rules don't apply to the White House.

Ivanka and her hubby have already found a new home in D.C. and plan to move, with their three children, in the coming weeks.

At the time of publication, the fashion maven's website,, was down ...