Shortly after Jeffrey Epstein’s death in August 2019, he signed a will on August 9 bequeathing his estimated $577 million fortune into a trust known as the “1953 Trust.” Critics quickly raised concerns that this late-stage move was designed to obscure the identities of beneficiaries and delay or complicate restitution efforts for survivors. The structure of the trust created an additional legal barrier—accusers would need to court’s permission to pierce the trust and prove their claims before accessing assets, potentially prolonging the process by years and limiting immediate redress.
Additionally, a U.S. judge rebuked the estate for keeping Epstein’s victims uninformed about the creation and implications of the compensation fund set up in his estate. The lack of transparency surrounding the fund’s establishment and the terms imposed on claimants—including broad releases that protected Epstein’s associates—fueled accusations that the estate was prioritizing secrecy and shielding money from accusers.


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