Battle Over Jeffrey Epstein's Mysterious Estate Heats Up

With opulent homes, a Caribbean island and a private jet to Jeffrey Epstein’s name, the battle to claim his assets is on.

Even as questions swirl around the former asset manager’s death while in federal custody, attention will shift this week to the next drama: identifying what’s in his estate, who can claim his assets and which jurisdiction takes up the case. Lawyers seeking compensation for victims of his alleged sex crimes are calling for a freeze on the estate, raising the prospect of a legal process that could drag out for years.

It’s unclear whether Epstein, who wasn’t married and has no known children, left a will. What is known is that his wealth included a $77 million, 40-room mansion on New York’s Upper East Side, the island of Little St. James in the U.S. Virgin Islands, a ranch in New Mexico and homes in Paris and Palm Beach, Florida. His business was registered in the Virgin Islands.

“It’s going to be incredibly complicated,” said David Ring, an attorney in Los Angeles who has represented victims of sexual abuse and assault. “It’s going to be a lot of different folks who are going to be battling over this estate and these assets and I hope the victims come out on top. I think they deserve it. But I don’t think the estate is just going to hand it over to them.”

Epstein’s known relatives include his brother, Mark, and a niece and nephew, who live in New York.

Mark Epstein and a friend had offered to guarantee a bond as part of his brother’s bail request, which was denied. Epstein was awaiting trial on federal charges with sexually trafficking girls when he died on Saturday at age 66 in an apparent suicide. Attorney General William Barr vowed on Monday to pursue justice for Epstein’s victims and said the federal prison where Jeffrey Epstein died had “serious irregularities.”

An autopsy was conducted Sunday, according to a statement from the city’s Chief Medical Examiner Barbara Sampson, who is awaiting further information before determining the cause of death. A pathologist hired by Epstein’s representatives observed the exam at their request, she said. According to the New York Times, she is confident it was suicide by hanging, but needed additional information before reaching a formal decision. She declined to comment on that report.

While the criminal case against Epstein closed with his death, lawyers have said that victims may pursue civil lawsuits against his estate, a process that could take years and run up against laws barring claims that are too old. A decade ago, more than two dozen women reached confidential settlements with Epstein in Florida. Investigators in the current case gathered more evidence when they searched Epstein’s New York townhouse after his July arrest, including photographs of what appeared to be naked underage girls.

Attorney Lisa Bloom, who represents several women who say Epstein abused them, called on his estate’s administrators to freeze all of his assets.

“Give his entire estate to his victims,” Bloom said on Twitter. “It is the only justice they can get. And they deserve it. And on behalf of the Epstein victims I represent, I intend to fight for it.”

That will involve trying to establish the full scope of what prosecutors called Epstein’s “vast fortune,” which is more difficult now that he’s dead. Based on limited financial records, prosecutors estimated he made $10 million a year and had a net worth of at least $500 million. But details of his assets remained “largely concealed” from the New York court, according to prosecutors, and the judge scolded Epstein’s lawyers for providing only a “cursory” one-page summary of his assets.

Where estate proceedings might play out depends partly on which of Epstein’s homes is considered his main one.

Documents submitted by his lawyers in a bail request after his arrest in July indicated his primary residence was his compound on the island of Little St. James in the U.S. Virgin Islands. But New York or Florida also appear to be good possibilities.

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