Art often imitates life and the latest drama surrounding Rupert Murdoch’s failed estate planning demonstrates that. Most of the time, when an individual creates an irrevocable trust, they part with dominion and control over the assets. It is difficult to change the terms of an irrevocable trust. However, not long ago, Rupert Murdoch filed a petition in Nevada probate court to change the terms of an irrevocable trust that was originally created in 1999. Read on to learn more.
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