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Murdochs’ Dispute Highlights Benefits of Trusts in Nevada

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Murdochs’ Dispute Highlights Benefits of Trusts in Nevada


The Murdoch family’s version of the HBO show Succession was recently on display in a Nevada courtroom. Rupert Murdoch, the 93-year-old patriarch of the family, identified his son Lachlan as the heir apparent of Fox Corp., home of conservative news network Fox News, and News Corp. Lachlan is currently the executive chair and CEO of Fox Corp. and chair of News Corp.

Lachlan is believed to share Rupert’s conservative political views, which would better protect the brand and value of Fox News. Note that James Murdoch, Rupert’s son and Lachlan’s brother, recently signed a public letter endorsing Vice President Kamala Harris for president. That certainly conflicts with the public positions of Fox.

However, part of Rupert’s estate plan includes an irrevocable trust that provides for the voting shares of Fox Corp. and News Corp to go in equal shares to his four oldest children: Prudence, James, Elisabeth and Lachlan. Rupert now seeks to give full voting control to only Lachlan.

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Estate planning in Nevada

Nevada has long sought to establish itself as a premier trust destination and is perhaps best known in the estate planning world for its domestic asset protection trusts (DAPTs). A DAPT is a trust that is designed to protect the creator’s, or grantor’s, assets from his or her own creditors. This is also called a self-settled spendthrift trust.

Currently, only 17 states have laws that permit a DAPT. Nevada is one of those states. The others are Alaska, Delaware, Hawaii, Michigan, Mississippi, Missouri, New Hampshire, Ohio, Oklahoma, Rhode Island, South Dakota, Tennessee, Utah, Virginia, West Virginia and Wyoming.

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To establish a Nevada trust or any other DAPT state, you do need to have sufficient contacts with that state. However, you need not actually be a resident of that state, and your assets or real property need not be located in that state. Typically, jurisdiction or required contact is definitively established by using a Nevada trustee.

There are a few Nevada trust companies that can fill that role at your direction. You can continue to be the investment trustee to retain direct control over your assets. Most Nevada trust companies prefer that, as there is less liability for the trust company because it is not directly managing the investments.

Typically, a Nevada LLC or another DAPT state LLC is used to hold assets that are in turn helped by the DAPT. Note that a Nevada LLC provides substantial protection, as collectors are typically limited to receiving amounts distributed from the LLC to the creditor and cannot pierce or seize assets held in the LLC.

Many practitioners rate Nevada as the strongest, or one of the strongest, jurisdictions providing the best asset protection. In making that determination, consideration is given to the following factors:

  • Strength of the state statute
  • The fact is that Nevada has no state income tax
  • The statute of limitations for pre-existing creditors
  • Nevada has no exceptions for child support claims
  • Nevada has no exception for pre-existing tort creditors
  • Nevada has no requirement for a solvent certification
  • The need for clean and convincing evidence to establish a fraudulent transfer (a transfer to avoid a creditor)
  • The ability to decant or modify the trust
  • Nevada LLCs provide strong charging order protection

Nevada allows privacy in disputes

Perhaps the most overlooked characteristic is the ability for privacy within Nevada courtrooms. Parties and judges may hold hearings behind closed doors and even not publish the matter on the court’s public docket. With a private docket, how does anyone file to seek access? Perhaps due to the exceedingly high level of public interest in the Murdoch Family Trust, the Nevada court uncharacteristically disclosed a general docket information page, which was established under the name The Matter of the Doe Trust PR23-00813. The case itself remains sealed and not available for public review or scrutiny.

A media coalition sued for access by reporters — and even cameras in the courtroom — asserting that the public has a right to know. The request was denied, as the judge held that this was “essentially a private legal arrangement.” The denial is under appeal.

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This ability to keep disputes like this private is a substantial advantage in Nevada over virtually all other jurisdictions. While this is certainly true for the Murdochs of the world — high-net-worth, high-profile families — we all would like to keep family discord or dirty laundry private. For instance, imagine how different the media coverage would have been had Johnny Depp and Amber Heard been allowed to keep private their highly emotional litigation.

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This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.



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NEVADA VIEWS: Planning for a resilient economic future

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NEVADA VIEWS: Planning for a resilient economic future


Southern Nevada has a proud history of competing — and winning — through boldness and reinvention. We have developed a world-class tourism economy, built globally recognized brands and demonstrated our ability to rebound from significant disruptions. In today’s fiercely competitive global economy, however, we must intentionally design the next chapter of our economic story. Communities worldwide are continuously enhancing their sophistication, and we must keep pace.

Since joining the Las Vegas Global Economic Alliance in late August of last year, I have consistently heard from community partners that we must diversify and enhance Southern Nevada’s economy. Our goal is to build upon and complement the strengths we already possess.

To achieve this, the alliance, as Southern Nevada’s regional economic development organization and designated Regional Development Agency, is embarking on a comprehensive strategic planning process. This initiative will guide our economic development priorities both in the near and long term, ensuring that we focus on areas that will yield the most positive impact.

The alliance has a history of reinvention, having been established in 1958 as the Southern Nevada Industrial Foundation, later becoming the Nevada Development Authority, and since 2011, operating under its current name in partnership with the Governor’s Office of Economic Development.

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Economic development extends beyond merely attracting companies. It encompasses the ability of local families to access high-wage careers, the opportunity for young people to build their futures at home and the resilience of our economy to withstand disruptions.

Over the past decade, Southern Nevada has made significant strides toward economic diversification, with investment outcomes in 2025 surpassing those of 2024. However, our work is far from complete. While tourism will always be a foundational strength and source of pride for our region, over-reliance on any single sector poses risks. A diversified economy enhances stability, and stability creates opportunities. We are united in our desire for more accessible housing, expanded health care and education, and greater upward mobility for our residents.

This strategic planning effort aims to ensure that the alliance and its partners concentrate on the right initiatives in the right manner. It will validate the region’s target industries and subsectors, narrowing our focus on areas where Southern Nevada has genuine competitive advantages and long-term potential. The planning process will include community interviews, focus groups and surveys to ensure our final strategy reflects the real opportunities and challenges facing Southern Nevada. We will establish flagship goals and a prioritized strategy matrix to direct our attention and resources toward meaningful outcomes.

A crucial aspect of this process involves clarifying roles within the broader economic ecosystem. Economic development is a team sport — when organizations replicate efforts, operate in silos or compete for recognition, the region loses valuable time and credibility, allowing opportunities to slip away. I have witnessed this behavior in various markets, serving as a red flag for prospective companies.

We have already made strides in building partnerships, exemplified by a Memorandum of Understanding signed in November 2025 with the Economic Development Authority of Western Nevada to jointly support economic development education and advocacy for community leaders statewide.

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Our strategic work will also include a organizational assessment of the alliance, evaluating our mission, resource deployment and engagement model. Economic impact requires operational excellence and measurable execution. Most importantly, this plan — which we anticipate completing by late April — will feature a three-year road map with clear timelines, recommended actions and meaningful metrics to transparently track our progress. A longtime mentor of mine often said, “What gets watched gets measured, and what gets measured gets done.”

Las Vegas has always taken the initiative to shape its own future. This strategic plan presents an opportunity for us to do what we do best: come together, think bigger, act smarter and create something lasting. Together, we can build a purposeful and resilient economic future for Southern Nevada.

Danielle Casey is president and CEO of the Las Vegas Global Economic Alliance.



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Nevada State Police averts ‘udder chaos’ in Eureka County

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Nevada State Police averts ‘udder chaos’ in Eureka County


EUREKA COUNTY, Nev. (KOLO) – On Friday, Feb. 27, the Nevada State Police assisted with a cattle crossing on State Route 306 at Interstate 80 in Eureka County.

“While not an everyday part of our job, we like to do our part to assist our local ranchers while keeping traffic from turning into udder chaos,” according to an agency Facebook post. “It was a perfect opportunity to be outside (even if our animal friends were a little moo-dy).”



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Nye County Sheriff urges caution after deadly month on rural Nevada roads

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Nye County Sheriff urges caution after deadly month on rural Nevada roads


A string of deadly crashes in and around Pahrump has prompted Nye County Sheriff Joe McGill to push for more safety measures along dark, sidewalk-free roads.

“The worst penalty is death, if you consider that,” McGill said.

The recent deaths include a single-vehicle rollover on State Route 160 during the morning hours of the last Wednesday in January that killed one person and injured another.

Then, into February, two pedestrians were killed in less than three days.

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The first was a 7 p.m. crash on Quarter Horse Avenue. Investigators believe a 2006 Jeep Liberty was driving on the street when it hit a pedestrian, who was pronounced dead at the scene.

A few days later, this last Saturday, state troopers responded to a crash just after sundown at Charleston Park Avenue. A sedan hit a pedestrian, who was also pronounced dead at the scene.

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Nevada State Police investigators are still investigating both pedestrian cases before more details are released.

McGill said the recent crashes were enough to spur action.

“When the third one came out, I was sitting at home and watching TV. I looked at my wife and I said, ‘We got to do something about this,’” McGill said.

McGill is responding with a reflective vest giveaway, pointing to limited infrastructure as a possible factor. He noted a lack of street lights off State Route 160 and no sidewalks inside the community.

“The only light that you have is the ambient light from houses and cars so it is really dark,” McGill said.

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John Treanor of AAA Nevada said poor visibility can quickly turn dangerous for both drivers and pedestrians.

“It is very easy to be confronted with a situation that you cannot see coming because the visibility might be bad,” Treanor said.

Treanor encouraged pedestrians to carry lights and drivers to be prepared if they end up outside their vehicles in dark conditions.

“Having lights on you. Even carrying a flashlight allows something where a driver can see it,” Treanor said. “If you are a driver, make sure you have the right stuff in your car, in case you do get in a situation where you are on the side of the road and now you are in dark. Make sure you have a kit with some reflectors, some lights. Anything the trunk of your car in case you need it.”

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McGill said vigilance is important even in daylight.

“Any time of the day, you have got to be vigilant. You have to keep aware of your surroundings if you are a walker or on a bicycle or if you are the driver,” he said.

Authorities also urged caution as more people may pull off roads in rocky areas along the route toward Death Valley National Park during springtime blooms, increasing the need for drivers and pedestrians to stay alert.

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