Rupert Murdoch is fighting his children in Nevada court over the family trust that controls Fox and News Corporation. The trust was set to split equally among four kids after his death, but Rupert wants to change it so only his son Lachlan inherits control. Nevada's unusual decanting law might let him do it.
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 asset protection trust. The Murdaugh family trust that they're fighting over was initially created so that at Rupert's death, control of the trust would go to his 4 children. Rupert now wants to change that trust so that control of the trust goes to Lachlan at his death, who is one of his children. Some of the others are objecting to this change. The Murdaugh 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
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