It still is not entirely clear what happened in Las Vegas.
It is known that a man named Stephen Paddock killed multiple concert goers from a window in his hotel room. The full details of how Paddock did it and why are not publicly known at this time.
What is known is that Paddock was a wealthy man.
His estate has assets of approximately $5 million that need to be distributed.
However, how his estate will be distributed is contested and will have to be determined by a court, according to Fox News in "Fate of Las Vegas shooter Stephen Paddock's millions to be decided by court."
One lawyer representing some of Paddock's family members and one of the victims is asking to be put in charge of administrating the estate.
Another lawyer representing other victims is asking that the estate be put into a constructive trust for him to administer, so he can make sure the victims who suffered the most can get the money.
The second attorney also believes that the first has a conflict of interest.
The likely outcome?
One way or another the bulk of Paddock's estate will most likely go to his victims and their families.
Before the estate can be distributed to any heirs, it will first compensate any claims of the victims. It is looking like that will take a long time.
Remember: “An ounce of prevention is worth a pound of cure.” When making your estate plans or when probating an estate or administering a trust, do not go it alone. Be sure to engage a Cincinnati estate planning attorney.
For more information about estate planning, probate or trust administration in Cincinnati (and throughout the rest of Southwest Ohio) and to review free resources regarding estate planning, probate or trust administration, visit my website. If you have questions regarding this article or a particular legal matter, feel free to contact me at 513-399-PLAN (7526).
Reference: Fox (Nov. 17, 2017) "Fate of Las Vegas shooter Stephen Paddock's millions to be decided by court."