Billionaire media mogul Rupert Murdoch established the Murdoch Family Trust in 1999, as a condition of his divorce from his second wife, Anna Murdoch Mann. The Trust ensures that the family’s 28.5% stake in News Corporation- which is valued at approximately $6 billion and includes Fox News, The Wall Street Journal and the New York Post- be passed down equally …
What are the responsibilities of a trustee?
When establishing a trust, it is essential to choose the correct trustee to help manage it. A trustee is an individual or entity entrusted with managing and administering a trust according to its terms and the best interests of the beneficiaries. The Role of a Trustee Selecting the Right Trustee Selecting a trustee is a critical decision in the estate …