Jeffrey Epstein signed a will just two days before he killed himself in jail, new court records show, opening a new legal front in what could be a long battle over the financier’s fortune.
Court papers filed last week in the U.S. Virgin Islands list no details of beneficiaries but valued the estate at more than $577 million, including more than $56 million in cash.
The existence of the will, first reported by the New York Post, raised new questions about Epstein’s final days inside the Metropolitan Correctional Center, where he was awaiting trial on federal trafficking and conspiracy charges.
Epstein signed the document Aug. 8. Less than 48 hours later, he was found dead in his cell, prompting an investigation that has cast a harsh light on staffing shortages at the Manhattan detention center.
Prosecutors on Monday moved to dismiss the indictment against Epstein but have said they are considering charging others with facilitating his alleged abuse of dozens of victims.
The filing of the will, meanwhile, had been closely followed by lawyers representing women who claim they were abused by Epstein when they were teenagers and recruited into his residences.
Several attorneys vowed to go after his assets even if the will had named beneficiaries, as Epstein’s death means there will be no trial on the criminal charges against him.
Former federal prosecutor David S. Weinstein, who is now in private practice in Miami but not involved in the Epstein case, said states and U.S. territories have certain timeframes within which to make a claim against someone’s estate.
“There are certainly going to be a lot of lawyers involved,” Weinstein said. “It’s not going to be over any time soon.”
A hedge fund manager who hobnobbed with the rich and famous, Epstein owned a Caribbean island, homes in Paris and New York City, a New Mexico ranch and a fleet of high-price cars.
Epstein had more than $112 million worth of equities, according to the will, and nearly $200 million in “hedge funds & private equity investments.” Among the properties that will be subject to appraisal and valuation are his collection of fine arts, antiques and other collectibles.
As part of his 2008 plea deal to Florida state charges, Epstein made undisclosed financial settlements with dozens of his victims. It’s unclear how those settlements might affect any claims made on his estate.
William Blum, an attorney for Epstein’s estate, said in a statement to The Associated Press that any debts or claims against the estate will be “fairly administered.” He said the document was Epstein’s original last will.
(AP)
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5 Responses
After removing Epstein from suicide watch just after first “suicide” attempt, removing his cellmate day before, having security cameras suddenly “malfunction” and prison guards falling asleep on the job 3 hrs prior calling it “Suicide” is real conspiracy theory.
What are we going to hear next? Epstein cremated himself before his body was reclaimed?
He obviously was concerned with transfering his assets from dubious hiers and pitiable tort victims to needy and deserving members of the bar (some of whom may have lost parnassah when he passed over a long and tedious and highly billable trial by “conveniently” passing away).
Just asking
I thought one was not allowed to say another yid committed suicide unless one witness it ???????
Amazing how many claims against the wealthy I wonder if there was no cash if as many would claim
Much the same as there are not many wealthy goyim marrying yidden without cash
Here is an interesting question: Should Epstein’s lawyers have alerted jail officials that he wanted to write a will?