Murdoch family trust

Rupert Murdoch and members of his family are fighting in court in the state of Nevada over the Murdoch Family Trust the Murdoch Family Trust is an asset protection trust that holds the voting shares of fox Corporation and news corporation as well as other Murdoch assets like the farm in Australia and their Disney shares Nevada is the number one state in the country right now to create this type of a trust an asset protection trust the Murdoch Family Trust that they're fighting over was a initially created so that at Robert's death control of the trust would go to his four children rert now wants to change that trust so that control of the trust goes to lachan at his death who is one of his children some of the others are objecting to this change the Murdoch Family Trust is an irrevocable asset protection trust which means in Most states that it would be very difficult to change but Nevada has a decanting statute which means that they've got law that allows someone like rert to come in and change the trust if he can show valid grounds for doing so sign up for my newsletter and my bio link and I'll keep you updated on the status of this trust litigation involving the murdocks in the state of Nevada