A settlement between legal representatives for Nick Reiner and the trust overseeing his assets has established a mediation process to determine his access to funds designated for him by his parents. The arrangement could enable Reiner to retain attorney Alan Jackson, a lawyer who has previously worked on high-profile cases, after Jackson’s prior departure from the matter due to financial limitations.
Reiner has been held without bail since entering a not guilty plea in connection with multiple homicide charges in February. He was initially charged with two counts of first-degree murder involving special circumstances related to multiple homicides, which carries a maximum penalty of life imprisonment without the possibility of parole. Prosecutors have announced they will not pursue capital punishment following consultation with Reiner’s siblings.
The trust’s administrators have asserted that Reiner is ineligible to receive trust distributions based on California’s slayer statute, a law that prevents individuals from inheriting from persons they have allegedly harmed. Central to the dispute are questions regarding whether the statute applies when no conviction has been entered and whether funds should have already been distributed to Reiner based on the trust’s disbursement schedule. According to the trust terms, half of the funds were intended for distribution upon his 30th birthday in 2023, with the remaining balance to be paid at age 35.
Legal fees for both sides of the trust dispute have already consumed more than $250,000, nearly half of the $558,000 Reiner should have received at age 30. Reiner’s legal team has also contended that approximately $325,000 of the disputed funds originated from his grandfather and therefore should not be subject to the slayer statute restrictions. The mediation process is scheduled to commence in December.
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