Sterling Family Trust

The Sterling Family Trust refers to a legal arrangement established to manage and protect the assets of the Sterling family, particularly associated with former Los Angeles Clippers owner Donald Sterling. In a family trust, assets are held and managed by a trustee for the benefit of designated beneficiaries. This arrangement can help with estate planning, tax efficiency, and asset protection, allowing family members to benefit from the trust while also providing privacy regarding the family's financial matters. Trusts are commonly used to ensure a smooth transition of wealth across generations.