Rupert Murdoch’s media empire battle: Legal experts explain all about trusts

In Nevada, where the Murdoch case is playing out, a settlor can’t unilaterally change any trust’s terms unless the trust itself specifically reserves the right to do so.

Conservative media titan Rupert Murdoch is making news again—this time, with a secretive effort to change an irrevocable trust. That trust has important ownership interests in both Fox Corp. and News Corp., so it affects broadcast news as well as The Wall Street Journal and other publications.