Murdoch family battle highlights Nevada’s secret trust boom

The struggle within the Murdoch family over control of trusts set up in the family-friendly litigation environment of Nevada, is placing a spotlight on a somewhat unknown trust industry within the state. Nevada’s trust laws are perceived to be more flexible and offer greater privacy than other states, which attract wealthy families, companies, and celebrities to establish trusts there.

Soaring real estate and financial market prices have spurred a boom in the Nevada trust business, typically a staid corner of wealth management. Nevada has indeed become a significant