Why Did Nick Reiner's Trustee Quit After Four Months?

Jun 13, 01:00 AM
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In this Nick Reiner case update, we follow the strangest thread in the entire trust fight: the man who was handed control of the money — and walked away months later.

Paul Kanin took over Nick Reiner's trust after Rob and Michele Reiner were killed. According to the petition, his tenure was a wall of refusals, what Nick's lawyers call "a shifting series of excuses and justifications" — concerns about Nick's competence, questions about how the money would be used, and the looming possibility that California's slayer statute could bar the payout entirely if Nick is convicted of his parents' killings, charges he denies. Then Kanin reportedly told Nick's representatives something remarkable: he was resigning. A fiduciary named Jodi Montgomery — best known as Britney Spears' former conservator — is taking over.

Defense attorney and former felony prosecutor Eric Faddis reads the resignation the way an investigator reads a crime scene: what does it tell you when the person holding the purse strings would rather hand off the fight than finish it? Faddis weighs Kanin's stated concern — Nick's "capacity to make sound decisions and adequately protect his own interests" — against the defense's counterpunch that no court has ever found Nick incompetent, and explains how much a trustee's personal judgment actually counts for in probate court.

He also unpacks the apparent contradiction at the center of the episode: the much larger Reiner family trusts, where Nick is reportedly a full and equal beneficiary, were frozen until the criminal case ends. So why is this smaller trust even contestable? And if Jake and Romy Reiner formally oppose their brother, how ugly does the fight get — and who does ugly favor?

The answer to that last one may surprise you.

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