- Joined
- Dec 12, 2022
Your link goes to the wrong thing, but this post digs into the financial situation. The will itself is here in PDF format.Multiple trusts exist. I only started following Nick's thread again recently and someone had found his grandfather's will. A pdf of it is in this post.
https://kiwifarmsaaf4t2h7gc3dfc5ojh...law-nickrekieta.53871/page-3983#post-18427149
The will created multiple trusts and is a bit convoluted, but Celeste and her brothers have broad power over the trusts created for each of them (there are other trusts as well). Provision was also made for them to remove Ty from any roles assigned to him in the will.
Nick has never earned the kind of money which would allow him to build the house they live in now, so it's reasonable to assume that money from the grandparents' estate contributed to that cost.
A big question now is whether Celeste will try to "rescue" Nick from the consequences of his action or whether she'll force him to stand on his own two feet.
His current home is in the name of something called the Robert Lord Property Trust or something similar.
His mother had created a Nevada LLC called COR-NRR LLC, along with a similarly named LLC with Nick's sisters initials in place of his own initials NRR, which seems like something that may be used to transfer money as an alternative to a trust fund.
The level of indignation Nick has about claims that he has a trust fund makes me think that maybe that's true and he was being funded on an ad hoc basis by his parents, rather than some sort of trust that pays some defined amount on a set schedule. That's speculation.