11/15/22, 4:20 PM Jeffrey Epstein changed his will, rolled assets into trust two days before his death - MarketWatch The New York Post # Jeffrey Epstein changed his will, rolled assets into trust two days before his death Published: Aug. 19, 2019 at 6:20 p.m. ET By Priscilla DeGregory and Kate Sheehy No details on the trust's beneficiaries in wake of disgraced financier's suicide In this July 30, 2008, file photo, Jeffrey Epstein, center, appears in court in West Palm Beach, Fla. (UMA SANGHVI/PALM BEACH POST VIA AP, FILE) Jeffrey Epstein’s will has been filed in the U.S. Virgin Islands, and it shows that he signed it Aug. 8 — two days before he hanged himself in his Manhattan jail cell, according to court papers exclusively obtained by The Post on Monday. The multimillionaire convicted pedophile was worth $577,672,654, or about $18 million more than he previously stated in court papers while futilely trying to land bail on federal sex-trafficking charges, the new documents show. https://www.marketwatch.com/story/jeffrey-epstein-changed-his-will-rolled-assets-into-trust-two-days-before-his-death-2019-08-19 1/4 EFTA00060779 11/15/22, 4:20 PM Jeffrey Epstein changed his will, rolled assets into trust two days before his death - MarketWatch The former hedge-fund manager put all of his holdings in a trust, called The 1953 Trust in court papers, after the year he was born. “It’s pretty boilerplate — it’s what we call a ‘pour-over will,’ which means everything pours over to a trust,” a city estate lawyer told The Post. “It’s done that way for privacy reasons. "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 probably knew he was going to take his own life" or may have thought "he could have been murdered in jail. "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. 15, five days after his suicide — and lists “Immediate Cause: Pending Further Study.” The city Medical Examiner's Office has since ruled that Epstein killed himself, although that hasn't stopped conspiracy theorists from speculating he was murdered to keep him quiet about his powerful pals' suspected sexual deviancies. The 66-year-old bachelor's will was filed with court officials in St. Thomas in the U.S. Virgin Islands. ## Volatility is temporary. Financial freedom is forever. Understand how today's business practices, market dynamics, tax policies and more impact you with real-time news and analysis from MarketWatch. SUBSCRIBE NOW: $8 PER MONTH “He probably proceeded in the Virgin Islands to be more private because that is not where people would look,” the legal expert said. In New York, “There is always a risk that it would be leaked.” Epstein owned two isles in the Virgin Islands worth a total of more than $86 million. One of the secluded Caribbean isles, Little St. James Island, was dubbed “Pedophile Island” by locals who said they witnessed a parade what looked like barely legal girls there. https://www.marketwatch.com/story/jeffrey-epstein-changed-his-will-rolled-assets-into-trust-two-days-before-his-death-2019-08-19 2/4 EFTA00060780 11/15/22, 4:20 PM Jeffrey Epstein changed his will, rolled assets into trust two days before his death - MarketWatch 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.” - Cash: $56,547,773 - Fixed income: $14,304,679 - Equities: $112,679,138 - Hedge funds and private equity: $194,986,301
• Properties including:9 E. 71st St., Manhattan,worth $55,931,000;49 Zorro Ranch Road, Stanley,NM,$17,246,208;358 El Brillo Way,Palm Beach,Fla.,$12,380,209;22 Avenue Foch,Paris,France,$8,672,823;Great St.James Island in the Virgin Islands,$22,498,600,and Little St.James Island,also there,$63,874,223.
But the new papers also include a line for "aviation assets, automobiles and boats," a collection worth $18,551,700. As for Epstein's famous, eccentric, sex-drenched art collection — "fine arts, antiques, collectibles, valuables," according to the papers — that 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. The men were unable to be reached by phone Monday. This report originally appeared on NYPost.com. https://www.marketwatch.com/story/jeffrey-epstein-changed-his-will-rolled-assets-into-trust-two-days-before-his-death-2019-08-19 3/4 EFTA00060781 11/15/22, 4:20 PM Jeffrey Epstein changed his will, rolled assets into trust two days before his death - MarketWatch Warren Buffett’s chip-stock purchase is a classic example of why you want to be ‘greedy only when others are fearful’ ## When Should You Claim Social Security? Age 47 Annual Income $\textcircled{1}$ $ 110,000 ## Gender 🔴 Male Female # Anticipating Living Into $\textcircled{1}$ - **70s** - **90s** Marital Status $\textcircled{1}$ Single Show Results Read Important Information This calculator is for illustrative purposes only. Fidelity Brokerage Services, Member NYSE, SIPC. © 2022 FMR LLC. All rights reserved. 855953.5.0 Lifetime Benefit ## See How Claiming Earlier or Later Affects Your Benefit\textsuperscript{1} Monthly Benefit AGE 62 Earliest you can claim $$ - - - $ Your Full Retirement Age (FRA)❶ 70 Age you qualify for the max monthly benefit Methodology ## Take The Next Step Get a clear view of how much you may need for retirement, how you're tracking towards that goal, and how Social Security fits into your overall plan. Visit Our Planning & Guidance Center SMARTASSET.COM https://www.marketwatch.com/story/jeffrey-epstein-changed-his-will-rolled-assets-into-trust-two-days-before-his-death-2019-08-19 4/4 EFTA00060782