Jeffrey Epstein signed will two days before suicide
Lawyers vow to go after financier’s assests even if document names beneficiaries
The existence of a will could make it more difficult for Jeffrey Epstein’s alleged victims to receive compensation. Photograph: New York State Sex Offender Registry via The New York Times
Jeffrey Epstein signed a will just two days before he killed himself in the Manhattan federal jail, new court records show, opening a new legal front in what could be a years-long battle over the financier’s fortune.
Court papers filed last week in the US Virgin Islands list no details of beneficiaries but put the estate at more than $577 million (€520 million), including more than $56 million (€50 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 Centre, where he was awaiting trial on federal sex trafficking and conspiracy charges.
His signing of the document foreshadowed his August 10th suicide, a jailhouse death that has prompted multiple federal inquiries and cast a harsh light on staffing shortages at the Manhattan facility.
On Monday, prosecutors moved to dismiss the indictment against Epstein but said they were considering whether to charge others with facilitating his alleged abuse of dozens of girls.
The filing of the will, meanwhile, had been closely followed by lawyers representing women who claim they were sexually abused by Epstein years ago when they were teenagers and recruited into his residences to provide him massages.
Several lawyers 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.
“Give his entire estate to his victims. It is the only justice they can get,” one of those lawyers, Lisa Bloom, wrote in an email. “And they deserve it. And on behalf of the Epstein victims I represent, I intend to fight for it.”
Former federal prosecutor David S Weinstein, who is now in private practice in Miami but not involved in the Epstein case, said states and US territories have certain time frames within which to make a claim against someone’s estate.
“There are certainly going to be a lot of lawyers involved,” he said. “It’s not going to be over any time soon.”
He had more than $112 million (€101 million) worth of equities, according to the will, and nearly $200 million dollars (€180 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 collectables.
As part of his 2008 plea deal to Florida state charges, Epstein made undisclosed financial settlements with dozens of his victims.
It is unclear how those settlements might affect any new claims made on his estate.
William Blum, a lawyer 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. – PA