Donald Trump's charity has agreed to dissolve following a lawsuit by New York's attorney general claiming the foundation was misused to advance his 2016 presidential campaign and his businesses.

Barbara Underwood, the New York attorney general, announced on Tuesday that the Trump Foundation's assets will be distributed to charities that will be vetted by her office.

The deal must still be approved by a New York state judge.

Mrs Underwood's office in June begun legal action against Mr Trump, his three children - who were on the board - and the charity itself, over accusations of misuse of funds.

She said on Tuesday that her investigation found “a shocking pattern of illegality involving the Trump Foundation — including unlawful coordination with the Trump presidential campaign, repeated and willful self-dealing, and much more.”