Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

Thursday, December 28, 2017

The Las Vegas Gunman Was Rich. Will His Wealth Go To the Victims?

image from https://s3.amazonaws.com/feather-client-files-aviary-prod-us-east-1/2017-12-28/b5a7afda-841e-450e-bf22-30078ec1803a.pngDuring a recent hearing, Judge Gloria Sturman told lawyers to come up with a plan to preserve the estate of Las Vegas shooter Stephen Paddock. Though Paddock died with an estate worth nearly $5 million, this sum is nowhere near enough to satisfy all the claims of those who were killed or injured during his murderous rampage. One possible option is to roll the estate into an already-existing fund for shooting victims that holds around $22 million. Jeff Dion, the National Center for Victims of Crime’s deputy executive director noted that this course may have mixed results: “The good thing is that it is a way to distribute those funds outside of litigation so there would not be legal fees. The drawbacks and reasons that might make it incompatible is that those not eligible under our protocols would be shut out.”

See Serge F. Kovaleski, The Las Vegas Gunman Was Rich. Will His Wealth Go To the Victims?, The New York Times, December 23, 2017.

Special thanks to Joel C. Dobris (Professor of Law, UC Davis School of Law) for bringing this article to my attention.

https://lawprofessors.typepad.com/trusts_estates_prof/2017/12/the-las-vegas-gunman-was-rich-will-his-wealth-go-to-the-victims.html

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