Nick Reiner’s Trustee Launched Investigation Into Trust Rules Before Agreeing to Pay
TMZ • • entertainment
Key Points:
- Nick Reiner’s trust, containing approximately $1.7 million, was initially withheld by the trustee pending an investigation into whether distributions were discretionary at age 30, according to Nick’s lawyer.
- Nick’s lawyer sent a letter on May 11 demanding the release of Nick’s share, which was due when he turned 30, two years before he allegedly murdered his parents.
- The trustee reportedly could not confirm if the payment had been made and claimed an investigation was needed, despite clear instructions in the trust documents.
- Nick’s lawyer insisted the funds be released immediately to help Nick hire a criminal defense attorney, specifically mentioning his desire to re-hire Alan Jackson.
- The lawyer challenged the trustee’s suggestion of withholding funds due to “incompetence,” stating no required medical certification of incompetence was provided as stipulated by the trust.