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Trust Fund

All articles tagged with #trust fund

crime17 days ago•7 min saved

Reiner seeks parental trust to finance defense as LA murder case advances

Nick Reiner’s lawyers asked a Los Angeles court to access a roughly $1.5 million trust set up by his parents to fund his legal defense in the murder case against them; a trustee previously blocked distributions, arguing the funds remain property of the trust, and Judge Ruben Garcia scheduled an October 23 hearing on the issue, with a September 15 court date also looming for the criminal case and Reiner facing a new lying-in-wait charge as the defense argues time to prepare is running out.

via A.V. Club|

#anita-wu #crime #murder-charges

us-news17 days ago•393 min saved

Trust funds in play as Nick Reiner fights access in parents' murder case

In Los Angeles, 32-year-old Nick Reiner, charged with murdering his parents, is arguing that he should access the roughly $1.63 million set aside for him in a trust created by his parents. A probate trustee disclosed that about $200,000 of the trust has been spent so far, including undisclosed amounts for his previous defense attorney; his attorney previously resigned but could rejoin the case if finances are resolved. A trustee opposes further withdrawals under California's Slayer statute, which bars killers from benefiting from their crimes. Reiner’s team contends he’s entitled to the funds since he hasn’t been convicted, and the judge did not rule on the matter, scheduling another hearing for Oct. 23.

via NBC News|

#murder-case #nick-reiner #probate-law

legal18 days ago•24 min saved

Trust Dispute Could Unlock Nick Reiner’s Defense Funds

Nick Reiner is in a civil court clash with the trustee of his parents’ trust over access to roughly $550,000–$1.6 million earmarked for his 30th‑birthday distribution to fund his murder defense. The trustee says the distribution never left the trust and may be withheld under California law depending on the outcome of his criminal case, while Reiner maintains the money should be released to hire top defense lawyers; a Monday LA hearing will address eligibility and why funds were not disbursed as the criminal case proceeds, with mediation possible.

via Deadline|

#legal #los-angeles #murder-case

crime-and-courts18 days ago•8 min saved

Trust-fund bid shadows Nick Reiner’s murder case

Nick Reiner, awaiting trial for the December killings of his parents Rob Reiner and Michele Singer Reiner, is in probate court seeking $558,000 from his trust to fund his defense. Trustees say the funds can’t be disbursed amid incomplete records and due diligence, and California’s slayer statute further complicates access for killers. The trust has changed managers, and while a murder trial date hasn’t been set, September hearings are planned.

via Los Angeles Times|

#crime-and-courts #murder-trial #nick-reiner

us-news1 month ago•49 min saved

2032 Social Security cliff could slash retirement benefits for new couples

A nonpartisan analysis warns the Old-Age and Survivors Insurance trust fund will exhaust its reserves in late 2032 unless Congress acts, potentially forcing a 22% cut in benefits and about $16,900–$17,000 in annual losses for a typical newly retired dual‑income couple, with Medicare spending also at risk. Lawmakers have proposed a range of reforms—revenue measures, payroll tax changes, and benefit-structure adjustments—to restore solvency.

via Yahoo|

#crfb #oasi #retirement-benefits

business2 months ago•9 min saved

2027 Social Security COLA Could Jump, but at a High Long-Term Cost

Inflation driven by Trump-era policy is pushing the 2027 Social Security COLA toward a historically large gain—forecasts range roughly from 3.8% to 4.7%, with some estimates implying about $98 more per month for the average retiree if 4.7% materializes. However, a bigger COLA would hasten depletion of the Old-Age and Survivors Insurance trust fund (OASI), potentially triggering benefit cuts up to about 22% by 2032 if funding isn’t addressed. The situation is worsened by the so-called Big, Beautiful Bill, whose tax provisions reduce the payroll tax base and raise program costs, potentially speeding up solvency challenges even as current beneficiaries gain now.

via The Motley Fool|

#business #cola #inflation

entertainment2 months ago•16 min saved

Nick Reiner Seeks Family Trust Access to Hire Lawyer Amid Murder Case

In June 2026, Nick Reiner petitioned to access a family trust established by his parents in order to hire defense attorney Alan Jackson as he faces murder charges; trustee Jodi Montgomery says she will file for court approval, but the judge will decide, while his siblings Jake and Romy are reportedly supportive of using the funds for legal fees, Montgomery has taken a harder stance.

via stylecaster.com|

#alan-jackson #entertainment #murder-charges

entertainment2 months ago•16 min saved

Siblings Back Nick Reiner's Use of Family Trust for Defense in Murder Case

Nick Reiner, charged with two counts of first‑degree murder in the deaths of Rob and Michele Reiner, is seeking access to a $1.5 million family trust to hire defense attorney Alan Jackson. Reports say his siblings Jake and Romy don’t oppose using the family funds and want Nick to have a fair defense, but the estate trustee is resisting, setting up a court battle over whether the trust can be tapped.

via stylecaster.com|

#entertainment #family-fortune #murder-charges

economy2 months ago•5 min saved

Solvency alarm: Social Security could run dry by 2032, risking a 22% benefits cut

The Social Security trust fund is projected to be insolvent by end-2032, risking an average 22% cut to retirees' benefits (beneficiaries would receive about 78% of promised payments); Medicare faces a similar funding squeeze by 2033, underscoring urgency for Congress to shore up finances through revenue or benefit reforms.

via CBS News|

#aging-population #benefits #economy

crime-and-courts2 months ago•6 min saved

Nick Reiner seeks trust funds to fund his defense in double homicide case

Nick Reiner, accused of murdering his parents Rob and Michele Reiner, filed a petition in Los Angeles County Superior Court to release money from a family trust to pay for his defense. He is jailed awaiting trial on double‑homicide charges after his high‑profile private attorney was dropped; he now has a Los Angeles County public defender. Trustees allegedly withheld mandatory payouts, with the trust terms requiring half the funds at age 30 and the remainder at 35, though discretionary distributions for support were allowed until then. A change in the trust’s oversight is noted as the case proceeds.

via Los Angeles Times|

#crime-and-courts #double-homicide #nick-reiner

legal2 months ago•21 min saved

Nick Reiner Pushes to Unlock $1.5M for Defense in Murder Case

Nick Reiner, son of Rob and Michelle Reiner, seeks to access a $1.5 million trust set up decades ago to pay for his murder-defense after being charged with his parents’ killings. He filed a petition in LA Superior Court asking the trustee and incoming trustee to release funds—arguing the money belongs to him and isn’t estate assets—so he can hire top defense counsel. A hearing is scheduled for August 17. The dispute underscores questions over mandatory trust distributions and who controls funds used for a defendant’s legal defense.

via Deadline|

#defense-funding #legal #los-angeles-superior-court

crime2 months ago•4 min saved

Nick Reiner seeks access to $1.5M parental trust to fund murder-defense

Nick Reiner, Rob Reiner’s son, has petitioned a Los Angeles court to release at least $1.5 million from a trust his parents established for him, saying he needs the funds to mount his defense in the killings of his father and mother; the trustee has declined to disclose the exact amount and has raised concerns about his competence, with the case advancing toward a September pretrial and potential death-penalty consideration.

via CBS News|

#crime #defense #murder-case

crime2 months ago•3 min saved

Nick Reiner seeks to unlock $1.5M trust to fund defense in parents' murder case

Nick Reiner has filed a petition in Los Angeles to access more than $1.5 million held in a trust his parents left for him, arguing the funds are legally required to be distributed at ages 30 and 35 and are needed to pay for his defense in his parents’ double homicide case. The trust is separate from a larger family estate, and Nick, who has pleaded not guilty to two counts of murder, has been unable to fund attorneys or jail commissary, having shifted from a private attorney to a public defender after an initial withdrawal. His lawyers contend withholding the money would be an abuse of the trustee’s discretion and leave him unable to mount a proper defense.

via NBC News|

#crime #michele-singer-reiner #murder-charges

crime2 months ago•15 min saved

Nick Reiner seeks parents' trust funds to cover his murder defense

Nick Reiner, Rob Reiner's son, is seeking access to his parents' trust funds to cover his defense after being charged with two counts of first-degree murder in their deaths; he has pleaded not guilty and is represented by public defender Kimberly Green in a Los Angeles arraignment.

via AP News|

#crime #michele-singer-reiner #murder-charges

entertainment4 months ago•11 min saved

Taxman Wipes Out Most of Hayley Mills’ Disney Fortune

Hayley Mills reveals that most of her Disney earnings were siphoned off by taxes through a trust, with Inland Revenue hitting ~90% at one point. A brief win for Lord Denning against the tax authorities was overturned by the House of Lords, leaving Mills with a wiped-out fortune by the mid-1970s. She says she was poorly advised, her father’s business manager involved in the setup, and she had to keep working to make a living.

via Fox News|

#disney #entertainment #hayley-mills