Rupert Murdoch is now awaiting a verdict in the battle with his kids over who will inherit his massive media empire – here’s how to avoid a spicy Succession saga of your own

The hearing, whose final arguments concluded on Sept. 23, centered on Murdoch’s proposed changes to the trust, which was originally created to give equal control of his businesses to each of his four oldest children after his passing.

The New York Times reported that Murdoch sought to modify these terms so as to give his son Lachlan an elevated role, potentially sidelining his siblings Prudence, Elizabeth and James. The latter three siblings responded by taking their father to court, claiming that the effect of the changes would be contrary to their best interests.

The court has not yet delivered its ruling.

The saga bears a striking resemblance to the drama in the hit HBO series Succession, whose creators have cited the Murdoch family as inspiration. But the real-life stakes are clear, not just for the Murdochs but for anyone looking to protect their wealth and ensure a smooth transition for future generations — regardless of the size of their nest egg.

Rupert’s changing plans

Rupert Murdoch built an empire spanning multiple continents, with a net worth of $10.6 billion, according to the Bloomberg Billionaire Index. While his dealmaking prowess is considered legendary, his estate planning has left room for conflict and confusion.

In 2023, Murdoch stepped down as chair of Fox and News Corp., publicly backing his son Lachlan, emphasizing that they share the same values and vision.

“My father firmly believed in freedom, and Lachlan is absolutely committed to the cause,” Rupert wrote in a letter to his employees.

However, his decision to modify the family trust has sparked the legal battle with his other heirs, who feel disenfranchised.

A survey conducted at the 53rd Annual Heckerling Institute on Estate Planning revealed that nearly half (46%) of professionals, including attorneys and trust officers, cited family conflict as the most significant threat to estate planning. Without proper planning, 58% of families experience disputes or face court control over assets, according to LegalShield.

Know the role of probate

The Murdoch family’s ongoing legal battle shows how probate can complicate estate transitions.