Latest / The Vault: The Epstein Files / The Last Will And Testament Of Jeffrey Epstein (Part 2) (9/27/26)

Transcript

The Last Will And Testament Of Jeffrey Epstein (Part 2) (9/27/26) · The Vault: The Epstein Files

• 0:00
  Speaker 1: What's up, everyone, and welcome back to the Epstein Chronicles.
• 0:04
  Speaker 1: In this episode, we're going to pick up where we
• 0:06
  Speaker 1: left off with Jeffrey Epstein's last will and testament. Number nine,
• 0:12
  Speaker 1: to loan or borrow money in such amounts and upon
• 0:16
  Speaker 1: such terms and conditions as my executor determines, assume such
• 0:20
  Speaker 1: obligations or give such guarantees as my executor determines, for
• 0:25
  Speaker 1: the purpose of the acquisition, improvement, protection, retention, or preservation
• 0:30
  Speaker 1: of the assets of my estate, or for the welfare
• 0:33
  Speaker 1: of the beneficiaries of my estate. 10. To carry on
• 0:38
  Speaker 1: for as long and in such a manner as my
• 0:41
  Speaker 1: executor determines any business enterprise in which I owned any
• 0:45
  Speaker 1: interest at my death, either individually or as a partner, member,
• 0:50
  Speaker 1: joint venture, stockholder, or trust beneficiary. to sell such business
• 0:54
  Speaker 1: enterprises as an ongoing business, to consolidate, merge, encumber, dissolve, liquidate,
• 1:01
  Speaker 1: or undertake any other extraordinary corporate transaction relating to such
• 1:06
  Speaker 1: business enterprise. 11. To vote in person or by proxy
• 1:11
  Speaker 1: any and all stock or securities and to become a
• 1:14
  Speaker 1: party to any voting trust, reorganization, consolidation, or other capital
• 1:19
  Speaker 1: or debt readjustment, of any corporation, association, partnership, limited liability partnership,
• 1:26
  Speaker 1: limited liability company, or individual with respect to stocks, securities,
• 1:31
  Speaker 1: or debts held by my estate. 12. Except as provided
• 1:36
  Speaker 1: for in sections 20 and 21 of this article, 4.
• 1:39
  Speaker 1: To enter into any good faith transactions with any executor, individually,
• 1:45
  Speaker 1: or with any corporation, partnership, or any other entity, in
• 1:49
  Speaker 1: which any executor has an ownership interest. 13. To purchase
• 1:54
  Speaker 1: from my estate any stocks, bonds, securities, real or personal property,
• 1:59
  Speaker 1: or other assets, or make loans to my estate, even
• 2:02
  Speaker 1: though the same person or persons occupy the office of
• 2:06
  Speaker 1: my trustee and the office of the executor of my estate. 14.
• 2:10
  Speaker 1: To lease, mortgage, pledge, grant a security interest in or
• 2:15
  Speaker 1: otherwise encumber all or any part of the assets of
• 2:18
  Speaker 1: my estate, for any term of years, whether or not
• 2:22
  Speaker 1: beyond the duration of my estate, including without limitation, any
• 2:27
  Speaker 1: such action for the benefit of any of the beneficiaries
• 2:31
  Speaker 1: of my estate. 15. To abandon any property of my estate,
• 2:36
  Speaker 1: real or personal, which my executor may deem worthless or
• 2:39
  Speaker 1: not sufficient, value, to warrant keeping or protecting, to abstain
• 2:44
  Speaker 1: from the payments of taxes, water rents, or assessments, and
• 2:48
  Speaker 1: to forego making repairs, maintaining or keeping up any such property,
• 2:52
  Speaker 1: and to permit such property to be lost by tax
• 2:55
  Speaker 1: sale or other proceedings, or to convey any such property
• 2:59
  Speaker 1: for a nominal consideration or without consideration, so as to
• 3:03
  Speaker 1: prevent the imposition of any liability by reason of the
• 3:06
  Speaker 1: continued ownership thereof. 16. To elect the mode of distribution
• 3:12
  Speaker 1: of the proceeds payable to my estate, from any profit-sharing plan,
• 3:16
  Speaker 1: pension plan, employee benefit plan, individual retirement plan, insurance contract,
• 3:21
  Speaker 1: or annuity contract pursuant to the terms of such a plan. 17.
• 3:26
  Speaker 1: To allocate in my executor's discretion any adjustments to basis
• 3:31
  Speaker 1: provided to my estate under the provisions of federal and
• 3:35
  Speaker 1: state law with respect to property comprising my estate without
• 3:40
  Speaker 1: any obligation to make a compensatory adjustment 18. To conduct
• 3:49
  Speaker 1: any audit, assessment, or investigation with respect to any asset
• 3:54
  Speaker 1: of my estate regarding compliance with any law or regulation,
• 3:58
  Speaker 1: having as its object protection of public health, natural resources,
• 4:02
  Speaker 1: or the environment, environmental laws. to pay from the assets
• 4:06
  Speaker 1: of my estate, to remedy any failure to comply with
• 4:09
  Speaker 1: any environmental law, even to the exhaustion of all the
• 4:13
  Speaker 1: assets of my estate, and, as may be required in
• 4:16
  Speaker 1: my executor's judgment, by any environmental law, to notify any
• 4:20
  Speaker 1: governmental authority of any past, present, or future noncompliance with
• 4:25
  Speaker 1: any environmental law, and 19. To sell to the trustee
• 4:30
  Speaker 1: under the trust agreement any stocks, bonds, securities, real or
• 4:34
  Speaker 1: personal property or other assets or borrow from the trustee
• 4:38
  Speaker 1: under the trust agreement even though the same person or
• 4:41
  Speaker 1: persons occupy the office of the executor of my estate
• 4:45
  Speaker 1: and the trustee under the trust agreement. 20. No executor
• 4:49
  Speaker 1: shall directly or indirectly buy or sell any property for
• 4:54
  Speaker 1: the estate from or to himself or from or to
• 4:57
  Speaker 1: his relative. employer, employee, partner, or other business associate. 21.
• 5:04
  Speaker 1: No executor shall lend estate funds to himself or to
• 5:08
  Speaker 1: his relative, employer, employee, partner, or other business associate. C.
• 5:13
  Speaker 1: Except as otherwise provided herein, my executor shall have the
• 5:18
  Speaker 1: power to 1. Employ agents, attorneys at law consultants, and
• 5:22
  Speaker 1: investment advisors to whom my executor has discretion to delegate
• 5:26
  Speaker 1: my executor's investment authority and responsibility, other executors, and other
• 5:31
  Speaker 1: fiduciaries in the administration of my executor's duties, to delegate
• 5:36
  Speaker 1: to such persons, or to one or more of my executors,
• 5:39
  Speaker 1: the custody, control, or management of any part of my
• 5:43
  Speaker 1: estate as my executor determines, and to pay for such
• 5:47
  Speaker 1: services from the assets of my estate, without obtaining judicial
• 5:51
  Speaker 1: authorization approval. 2. To delegate in whole or in part
• 5:56
  Speaker 1: to any person or persons the authority and power to a.
• 6:00
  Speaker 1: sign checks, drafts, or orders for the payment or withdrawal
• 6:05
  Speaker 1: of funds, securities, and other assets from any bank, brokerage, custody,
• 6:09
  Speaker 1: or other account in which funds, securities, or other assets
• 6:13
  Speaker 1: of my estate shall be deposited. b. Endorse for sale, transfer,
• 6:18
  Speaker 1: or delivery, or sell transfer or delivery, or purchase, or
• 6:22
  Speaker 1: otherwise acquire any and all property, stocks, stock warrants, stock rights, options, bonds,
• 6:28
  Speaker 1: or other securities whatsoever. C. Gain access to any safe
• 6:32
  Speaker 1: deposit box or boxes in which my assets or assets
• 6:36
  Speaker 1: from my estate may be located or or which may
• 6:39
  Speaker 1: be in the name of my executor, and remove part
• 6:42
  Speaker 1: or all of the contents of any such safe, deposit box,
• 6:46
  Speaker 1: or boxes, and release and surrender the same, and d.
• 6:50
  Speaker 1: take any other action that my executor may have the
• 6:53
  Speaker 1: power to take with respect to my estate and the
• 6:56
  Speaker 1: property thereof. No person or corporation acting in reliance on
• 7:00
  Speaker 1: any such delegation shall be charged with notice, of any
• 7:04
  Speaker 1: revocation or change of such delegation unless such person or
• 7:08
  Speaker 1: corporation receives actual notice thereof. 3. To pay any property
• 7:14
  Speaker 1: distributable to a beneficiary under a legal disability who has
• 7:19
  Speaker 1: not attained the age of 21 without liability to my executor,
• 7:24
  Speaker 1: by paying such property a. to such beneficiary b. for
• 7:28
  Speaker 1: the use of such beneficiary c. to a legal representative
• 7:32
  Speaker 1: of such a beneficiary appointed by a court or if
• 7:36
  Speaker 1: none to a relative for the use of such a
• 7:39
  Speaker 1: beneficiary or d to a custodian for such beneficiary designated
• 7:44
  Speaker 1: by my executor to hold until the age of 21
• 7:48
  Speaker 1: or such earlier age as shall be the maximum permitted
• 7:51
  Speaker 1: under applicable law for to distribute to any of the
• 7:56
  Speaker 1: beneficiaries of my estate in kind or in cash or
• 8:00
  Speaker 1: partly in kind and partly in cash and to allocate
• 8:03
  Speaker 1: different kinds or disproportionate shares of assets or undivided interests
• 8:08
  Speaker 1: in assets among all of such beneficiaries. 5. To have
• 8:13
  Speaker 1: evidence of ownership of any security maintained in the records
• 8:16
  Speaker 1: of a Federal Reserve Bank under the Federal Reserve Book
• 8:20
  Speaker 1: Entry System. No deposit funds in any bank or trust
• 8:23
  Speaker 1: company to carry in the name of my executor or
• 8:26
  Speaker 1: the nominee or nominees of my executor and with or
• 8:30
  Speaker 1: without designation of fiduciary capacity or to hold the in
• 8:34
  Speaker 1: bearer form securities or other property requiring or permitting of registration.
• 8:40
  Speaker 1: and to cause any securities to be held by a
• 8:43
  Speaker 1: depository corporation, of which an executor is a member, or
• 8:47
  Speaker 1: by an agent, under a safekeeping contract, provided, however, that
• 8:51
  Speaker 1: the books and records of my executor shall at all
• 8:54
  Speaker 1: times show that such investments are part of my estate. 6.
• 8:59
  Speaker 1: To renounce and disclaim, in whole or in part, and
• 9:02
  Speaker 1: in accordance with applicable law, any assets, interests, rights, or powers,
• 9:07
  Speaker 1: including any power of appointment, which are payable to or
• 9:11
  Speaker 1: exercisable by me or my estate, which are included in
• 9:15
  Speaker 1: my estate or gross estate, or over which I have
• 9:18
  Speaker 1: any right, title, interest, or power, and seven, to make, execute,
• 9:25
  Speaker 1: and deliver any and all such instruments in writing as
• 9:28
  Speaker 1: shall be necessary or proper to carry out any power, right, duty,
• 9:33
  Speaker 1: or obligation of my executor or any disposition whatsoever of
• 9:38
  Speaker 1: my estate, or any asset of my estate, and to
• 9:41
  Speaker 1: exercise any and all of the powers incidental or necessary
• 9:46
  Speaker 1: to carry out or to fulfill the terms, provisions, and
• 9:50
  Speaker 1: purposes of my estate. D. In connection with any insurance
• 9:55
  Speaker 1: policy or annuity on the life of an executor which
• 9:59
  Speaker 1: is included in my estate, such executor shall not participate
• 10:03
  Speaker 1: in the division to exercise or not exercise any fiduciary
• 10:07
  Speaker 1: power in connection with any incidence of ownership for such
• 10:11
  Speaker 1: policy or annuity, including without limitation any decision to continue, assign, terminate,
• 10:18
  Speaker 1: or convert such policy or annuity, or to name the
• 10:21
  Speaker 1: beneficiary of such policy or annuity. E. An executor hereunder
• 10:27
  Speaker 1: may be a written notice delivered to the other executor
• 10:31
  Speaker 1: declined to participate in the decision to exercise or not
• 10:35
  Speaker 1: exercise any fiduciary power granted by this will or by law. F.
• 10:40
  Speaker 1: If an executor is not empowered because of a conflict
• 10:43
  Speaker 1: of interest, declination, to act or otherwise to participate in
• 10:48
  Speaker 1: the decision to exercise or not exercise any fiduciary power
• 10:53
  Speaker 1: granted by this will or by law, then the remaining
• 10:56
  Speaker 1: executor shall be empowered to make such decision. If no
• 11:00
  Speaker 1: executor is empowered to participate in such a decision, then
• 11:04
  Speaker 1: the successor executor of my estate designated in paragraph A
• 11:08
  Speaker 1: of Article 3rd and able and willing to act shall
• 11:12
  Speaker 1: be empowered to make such a decision. If no executor
• 11:16
  Speaker 1: or successor executor is empowered to participate in such decision,
• 11:21
  Speaker 1: my executor may designate a successor executor to serve as
• 11:24
  Speaker 1: executor of my estate, who shall be empowered to make
• 11:28
  Speaker 1: such decision, but shall have no other power or authority
• 11:32
  Speaker 1: of my executor. Such designation shall be by written notice
• 11:36
  Speaker 1: delivered to such successor executor. G. Except as otherwise specifically
• 11:42
  Speaker 1: provided in this paragraph G1 of this article and except
• 11:46
  Speaker 1: as provided in paragraph G2 of this article, my executor
• 11:50
  Speaker 1: shall allocate receipts and disbursements in accordance with sound trust
• 11:54
  Speaker 1: accounting principles and shall have discretion to allocate receipts and
• 11:58
  Speaker 1: disbursements when the treatment is uncertain under applicable laws or
• 12:02
  Speaker 1: generally accepted accounting principles in the judgment of my executor. 1.
• 12:08
  Speaker 1: except as otherwise specifically provided in this will, my executor
• 12:13
  Speaker 1: shall not treat any part of the principal amount of
• 12:15
  Speaker 1: the proceeds of sale, of any asset of my estate,
• 12:19
  Speaker 1: as income distributable, to or for the benefit, of any
• 12:23
  Speaker 1: beneficiary entitled, to distributions of my income, provided however, that
• 12:29
  Speaker 1: my executor, shall treat a portion of any proceeds of sale,
• 12:32
  Speaker 1: of any financial instrument, originally issued or acquired, at a
• 12:37
  Speaker 1: discount equal, to the amount which a, has previously been characterized,
• 12:41
  Speaker 1: as ordinary income, For income tax purposes, or B, will
• 12:45
  Speaker 1: be characterized as ordinary income for income tax purposes in
• 12:49
  Speaker 1: the year of such sale as income for trust accounting purposes. 5.
• 12:55
  Speaker 1: Where a party to proceeding with respect to my estate
• 12:58
  Speaker 1: has the same interest as a person under a disability,
• 13:01
  Speaker 1: it shall not be necessary to serve legal process on
• 13:04
  Speaker 1: person under a disability. 6. If any beneficiary under the
• 13:09
  Speaker 1: trust shall in any way directly or indirectly contest or
• 13:13
  Speaker 1: object the probate of my will, or to the validity
• 13:17
  Speaker 1: of any disposition or provision of my will, or of
• 13:21
  Speaker 1: the trust, or be, institute, or prosecute, or be in
• 13:25
  Speaker 1: any way directly or indirectly instrumental in the institution or
• 13:29
  Speaker 1: prosecution of any action preceding contest, objection, or claim for
• 13:34
  Speaker 1: the purpose of of setting aside, or invalidating my will,
• 13:37
  Speaker 1: or the trust, or any disposition therein, or provision thereof,
• 13:42
  Speaker 1: then I direct that a. any and all provisions in
• 13:44
  Speaker 1: the trust, for such beneficiary, and his issue, in any degree,
• 13:49
  Speaker 1: shall be null and void, and b. my estate, whether
• 13:52
  Speaker 1: passing under my will, or the trust, or pursuant to
• 13:56
  Speaker 1: the laws of intestacy, shall be disposed of as if
• 14:00
  Speaker 1: such beneficiary and his issue in any degree had all
• 14:04
  Speaker 1: failed to survive me. 7. A. As used herein, 1.
• 14:10
  Speaker 1: The term executor of a person's estate means all entities
• 14:14
  Speaker 1: who occupy the office of executor, administrator, personal representative, or
• 14:19
  Speaker 1: ancillary administrator, while such persons or entities occupy such office,
• 14:24
  Speaker 1: whether one or more persons or entities in occupy such
• 14:27
  Speaker 1: office at the same times and include any successor or
• 14:31
  Speaker 1: successors to that office. The term trustee means all persons
• 14:35
  Speaker 1: or entities who occupy the office of trustee under the
• 14:39
  Speaker 1: trust agreement, while such persons or entities occupy such office,
• 14:43
  Speaker 1: whether one or more persons or entities occupy the office
• 14:47
  Speaker 1: of trustee at the same time or times and includes
• 14:51
  Speaker 1: any successor trustee or trustees. A reference to a person's
• 14:55
  Speaker 1: estate or a probate estate means that person's estate, which
• 14:59
  Speaker 1: is subject to probate administration. A reference to a person's
• 15:03
  Speaker 1: will means such person's last will and testament and any
• 15:08
  Speaker 1: codicil or codicils thereto. 2. The term IRC section means
• 15:13
  Speaker 1: a section of the Internal Revenue Code of 1986 as
• 15:16
  Speaker 1: amended or or the corresponding provision of any successor internal
• 15:22
  Speaker 1: revenue law as in effect as of the date of
• 15:24
  Speaker 1: my death. 3. A reference to any tax also includes
• 15:29
  Speaker 1: any interest or penalties thereon. A reference to a person's
• 15:33
  Speaker 1: gross estate means such person's gross estate as finally determined
• 15:37
  Speaker 1: for the purpose of computing such person's federal estate tax. 4.
• 15:42
  Speaker 1: Whenever the singular number is used, The same shall include
• 15:46
  Speaker 1: the plural, and the masculine gender shall include the feminine
• 15:49
  Speaker 1: and neuter genders. B. The federal and state transfer taxes,
• 15:54
  Speaker 1: which my executor shall be obligated to pay pursuant to
• 15:57
  Speaker 1: paragraph B of Article 1st, shall consist of all federal
• 16:01
  Speaker 1: and state estate, inheritance, succession, and similar taxes, including any
• 16:07
  Speaker 1: federal or state generation skipping transfer tax imposed upon my
• 16:11
  Speaker 1: probate estate or by reason of my death in respect
• 16:15
  Speaker 1: to all assets, which pass under this will, or the
• 16:18
  Speaker 1: trust agreement, subject to paragraph B2, of this article, all
• 16:22
  Speaker 1: federal estate taxes, with respect to assets, not passing under
• 16:26
  Speaker 1: this will, or the trust agreement, such assets as are
• 16:30
  Speaker 1: referred to, as the apportionment assets, and any applicable state
• 16:35
  Speaker 1: and estate taxes, with respect to the apportionment assets, shall
• 16:38
  Speaker 1: be apportioned among all persons, interested in the apportionment assets,
• 16:44
  Speaker 1: my executor, shall make reasonable efforts to collect all federal
• 16:47
  Speaker 1: estate taxes and state estate inheritance, succession, and similar taxes
• 16:53
  Speaker 1: allocable to the apportionment assets from the recipients of the
• 16:57
  Speaker 1: apportionment assets. Without changing the apportionment taxes in this paragraph B1,
• 17:03
  Speaker 1: my executor has discretion but is not required to pay
• 17:07
  Speaker 1: all or part of such taxes allocable to the apportionment assets.
• 17:12
  Speaker 1: To the extent my executor pays such taxes allocable to
• 17:16
  Speaker 1: the apportionment assets, my executor shall seek reimbursement for such
• 17:20
  Speaker 1: taxes from the recipients of the apportionment assets. My executor
• 17:25
  Speaker 1: shall not be personally liable for any such taxes if
• 17:28
  Speaker 1: my executor is unable, with reasonable efforts, to collect payments
• 17:33
  Speaker 1: or reimbursement from any recipient of the apportionment assets for
• 17:38
  Speaker 1: any or all of such taxes allocable to such assets. 1.
• 17:43
  Speaker 1: My executor has discretion to direct the trustee of the
• 17:46
  Speaker 1: trust agreement to pay all or any portion of the
• 17:49
  Speaker 1: taxes which my executor is directed or obligated to pay
• 17:53
  Speaker 1: pursuant to paragraph B of Article 1st and paragraph B
• 17:57
  Speaker 1: pursuant to a written direction delivered to the trustee under
• 18:01
  Speaker 1: the trust agreement. Any taxes which my executor directs the
• 18:05
  Speaker 1: trustee under the trust agreement to pay shall be allocated
• 18:09
  Speaker 1: and paid from the trust under the trust agreement as
• 18:12
  Speaker 1: provided under the trust agreement. C. Except as otherwise specifically
• 18:18
  Speaker 1: provided in this will, a bequest or devise to any
• 18:21
  Speaker 1: individual who does not survive me shall lapse notwithstanding any
• 18:25
  Speaker 1: law to the contrary. D. To the extent that the
• 18:29
  Speaker 1: distribution to the trustee under the property, real and personal,
• 18:33
  Speaker 1: wherever situated, after the payments and distributions provided in Article
• 18:38
  Speaker 1: I to the person or persons named as trustee or
• 18:42
  Speaker 1: trustees under the trust agreement, be to held in trust
• 18:46
  Speaker 1: under this will in accordance with the provisions comprising the
• 18:49
  Speaker 1: trust agreement in the time of my death, which provisions
• 18:52
  Speaker 1: are incorporated in this will by reference. in witness whereof
• 18:57
  Speaker 1: I have duly executed this will this 8th day of
• 19:00
  Speaker 1: August 2019, and this was signed by Jeffrey Epstein. Alright folks,
• 19:05
  Speaker 1: that's going to do it for Jeffrey Epstein's will. But
• 19:08
  Speaker 1: have no fear, I have a ton more to go through.
• 19:11
  Speaker 1: We have court documents out the wazoo when it comes
• 19:14
  Speaker 1: to Jeffrey Epstein, and we're going to get them all
• 19:16
  Speaker 1: added to the catalog. But until then, all of the
• 19:19
  Speaker 1: information that goes with this episode can be found in
• 19:22
  Speaker 1: the description box.