Jeffrey Epstein’s Will: He Signed 2 Days Before Killing Himself – The New York Times

He listed a single remaining heir, his brother, Mark Epstein, a real estate magnate in New York.

The document, first reported on by the New York Post, stipulates that if The 1953 Trust is found to be ineffective, his estate should be divided among its trustees, who are not named in the will.

ImageJeffrey Epstein’s brother, Mark Epstein, shown in 2016.

Jeffrey Epstein’s brother, Mark Epstein, shown in 2016.CreditOwen Hoffmann/Patrick McMullan, via Getty Images

The will presents the most detailed estimate to date of Mr. Epstein’s wealth, the origins of which have remained murky even as the financier had been ordered to provide an accounting in federal court. In his will, he puts its value at more than $577 million.

The estimate includes tens of millions of dollars in shares to private companies, which hold the titles to Mr. Epstein’s properties in New Mexico, Paris, New York and the Virgin Islands. It also includes more than $194 million in unspecified hedge fund and private equity investments.

Missing from the ledger is the value of Mr. Epstein’s art collection, which was widely known to be sizable, erotic and bizarre. On the second floor of his $56 million Manhattan mansion, for example, was a mural Mr. Epstein had commissioned: a photorealistic prison scene that included barbed wire, correction officers and a guard station, with Mr. Epstein portrayed in the middle. The value of his artwork is pending appraisal, the will states.

While Mr. Epstein bequeathed his entire fortune to The 1953 Trust and its unidentified trustees, the future of his wealth remains in limbo.

One of Mr. Epstein’s accusers, Jennifer Araoz, sued his estate last week, and his wealth may not be able to pass into the trust until that suit is resolved. More lawsuits also are expected.

Comments

Write a Reply or Comment:

Your email address will not be published.*