Nevada

Nevada’s secret trust boom spotlighted by Murdoch family conflict

Published

2 years ago

August 14, 2024

The Murdoch family feud playing out in an obscure Nevada court is highlighting the state’s popularity as a center of family trusts and a friendly home to the world’s biggest fortunes, CNBC reports.

Nevada is now the top state in the country when it comes to so-called asset-protection trusts like the one at the center of the Murdoch dispute, according to legal industry rankings. The state’s unique combination of no income taxes, iron-clad secrecy protections and strong defenses against creditors makes it attractive for those looking to establish big family trusts to protect assets.

Nevada doesn’t report the total amount of assets in its trusts and the state’s fast-growing industry of trust and estate attorneys, trust companies and facilitators keeps a deliberately low profile. Yet experts estimate the state likely has hundreds of billions of dollars in trust assets locked away in nondescript office buildings or trust companies, offering little to no visibility to the outside world.

“Nevada is No. 1 and has been for at least four years,” says Steven Oshins, a Nevada attorney who publishes the most widely cited ranking of states based on their appeal to asset-protection trusts.

South Dakota is a “close second,” and then “there is a big drop-off for the next batch with Tennessee, Delaware and others,” Oshins adds.

Nevada

Mansion on the Nevada Side of Lake Tahoe Swiftly Sells for $46 Million

Published

9 hours ago

February 27, 2026

Press Room

Mansion on the Nevada Side of Lake Tahoe Swiftly Sells for Million

A waterfront mansion on the Nevada side of Lake Tahoe just sold for $46 million, less than three weeks after hitting the market.

The speedy deal marks a departure from the typical U.S. market.

Nationwide, homes took a median 78 days to land a buyer in January, five more than the same time last year and the 22nd straight month of homes taking longer to sell on a year-over-year basis, according to data from Realtor.com.

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The lavish log cabin-like residence, in Incline Village, listed on Jan. 24 for $47.5 million. It sold 20 days later, on Feb. 13, listing records show.

The more than 7,000-square-foot residence was built in 2014, and has double-height living spaces, walls of windows, beamed ceilings, fireplaces, and plenty of rustic exposed stone and wood, listing images show.

There’s also a gym, a wet bar, a spa, a wine room, an office, two separate game rooms, seven bedrooms and dramatic Lake Tahoe views. Outside, there’s a private sandy beach, multiple decks, a heated driveway and two exterior fireplaces, according to listing information.

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The seller and the buyer are both limited liability companies, according to property records. Both parties were represented by Jeff Brown of Tahoe Mountain Realty, who declined to comment on the deal.

The median home price in Incline Village was $1.595 million as of December, a fall of 3.3% from a year earlier, according to data from Realtor.com. Listings, meanwhile, spent an average of 130 days on the market.

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