Jeffrey Epstein Signed Will for $600 Million Estate Just Two Days Before Death
Sex offender signed over fortune to a trust just before he was found dead
Convicted sex offender Jeffrey Epstein signed a will for his $600 million estate just two days before he was found dead in a New York jail cell, according to court documents.
Legal papers show the Clinton-linked suspected child sex trafficker inked the paperwork to move his fortune to a trust on August 8th.
The court document was filed in the US Virgin Islands where Epstein owned two isles — including the infamous Little St James, also known as "Pedophile Island."
According to the filings, the 66-year-old financier was worth $577,672,654.
This figure is roughly $18 million more than Epstein previously claimed in court papers while attempting to land bail on federal sex-trafficking charges.
According to the New York Post, Epstein put all of his holdings in a trust, called The 1953 Trust, after the year he was born.
“It’s done that way for privacy reasons," a city estate lawyer told The Post.
“It’s pretty boiler-plate. It’s what we call a ‘pour-over will,’ which means everything pours over to a trust.
“What is more unusual is the date, the fact that all of this was done just days before he died,’’ said the source, who asked to remain anonymous.
“He could have thought, ‘I need to get my ducks in a row.’ ”
The 21-page filing includes a copy of Epstein’s death certificate from Aug. 11, the day after his suicide — and lists “Immediate Cause: Pending Further Study."
The city Medical Examiner’s Office has since ruled that Epstein killed himself Aug. 10.
#PrinceAndrew has fled to Spain on a private jet with his live-in ex-wife Sarah Ferguson, as the heat continues to rise in the child sex trafficking case against his recently-deceased friend #JeffreyEpstein.— Neon Nettle (@NeonNettle) August 15, 2019
READ MORE: https://t.co/LcP3rEokNo
Manhattan federal prosecutors Monday asked the judge overseeing his criminal case to officially toss it in light of his death.
“Because Jeffrey Epstein, the defendant, died while this case was pending, and therefore before a final judgement was issued, the indictment must be dismissed under the rule of abatement,” the assistant US attorneys wrote judge Richard Berman, who was overseeing the case.
The federal prosecutors added to the judge that they have notified all of Epstein’s “identified victims” and repeated previous statements from US Attorney Geoffrey Berman that his office isn’t done looking into the alleged sex-trafficking ring that serviced Epstein and his buddies.
Epstein’s will was filed with court officials in St. Thomas.
One of the two Brooklyn lawyers listed as witnessing its signing is Mariel A. Colon Miro — an attorney for drug kingpin Joaquin “El Chapo" Guzman.
Miro was once accused of flouting court rules by passing a phone to Chapo’s wife so the spouse could communicate with her imprisoned husband.
Miro has denied the claim.
The Post’s legal expert said Jeffrey Epstein’s lawyers likely filed his will in the Virgin Islands to try to keep it “more private because that is not where people would look."
In New York, “There is always a risk that it would be leaked.”
There are no details on the trust’s beneficiaries.
The court papers note that Epstein’s only potential heir was his brother, Mark Epstein.
But the will adds that Mark only had a claim to his brother’s extensive holdings if Jeffrey hadn’t left behind the document.
Jeffrey Epstein had been sued by a multitude of sex accusers before his death, and the lawsuits are still piling on.
The new legal documents note, “Petitioners are investigating potential debts and claims of the Estate and at this time they are unknown."
Epstein’s list of holdings in the new documents mainly mirrors what his lawyers previously filed when seeking bail for him, although they include two additions.
One lists “Aviation Assets, Automobiles and Boats," a collection worth $18,551,700, and another involving Epstein’s famous, eccentric, sex-drenched art collection — “fine arts, antiques, collectibles, valuables," according to the papers — which still needs to be appraised.
While the will is new, it is not clear whether it superseded another.
Its executors are two longtime Epstein employees: lawyer Darren Indyke and businessman Richard Kahn.
A third man, Boris Nikolic, is listed as an alternate.
The executors will receive $250,000 apiece for their work on the estate, in addition to "reasonable" expenses related to the job, the papers say.