FORT LAUDERDALE, Fla. — The will that Jeffrey Epstein signed just two days before his jailhouse suicide puts more than $577 million in assets into a trust fund that could make it more difficult for his dozens of accusers to collect damages.
Epstein, 66, killed himself Aug. 10 in New York while awaiting trial on federal sex trafficking charges. The discovery of the will with its newly created 1953 Trust, named after the year of his birth, instantly raised suspicions he did it to hide money from the many women who say he sexually abused them when they were teenagers.
"Wealthy people typically attempt to hide assets in trusts or other legal schemes. I believe the court and his administrators will want to do right by Epstein's victims, and if not, we will fight for the justice that is long overdue to them," attorney Lisa Bloom, who represents several Epstein accusers, said in an email.
Typically in any case, trust or not, there is a pecking order of entities that line up to get a share of an estate, said Stephen K. Urice, a law professor at the University of Miami. First in line would be the government — in Epstein's case, several governments — which will collect any taxes owed on his properties and on his estate itself.Lawsuits against the estate by victims would come into play somewhere after that.
We need legal reforms regarding inheritance,trust,and financial law to prevent criminals from being able to shield their assets
why would a man planning on committing suicide move half his funds into a trust before killing himself unless they were faking their own death?
What! 😳 RT : Epstein's victims may have difficulty collecting damages
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