![\"Epstein\u2019s](\"https:\/\/static.toiimg.com\/thumb\/msid-128010361,imgsize-985546,width-400,resizemode-4\/epstein-emails-show-he-helped-arrange-white-house-visit-for-woody-allen.jpg\" "\\"FILE")
<\/div>\n<\/div>\n<\/div>\nTwo days before he died in a New York jail cell in August 2019, Jeffrey Epstein signed a detailed legal document setting out how his vast fortune should be distributed. Newly released records from the United States Department of Justice, published at the end of January as part of the latest tranche of Epstein files, have now made that document public for the first time, offering the clearest picture yet of who stood to benefit from his estate, and how much was ultimately left after years of legal claims and restitution. <\/p>\n The document, a 32-page instrument known as the 1953 Trust<\/a>, named for the year Epstein was born, was signed just two days before his death. According to the trust, Epstein intended to give the bulk of his estate, valued at around $100 million at the time the trust was drafted, to his then-girlfriend Karyna Shuliak. The trust states that Epstein had contemplated marrying Shuliak and specified that she should receive his 33-carat diamond ring. It also provided that she would receive a total of $100 million, including a $50 million annuity to be established for her benefit. While the trust entitled her to much of Epstein\u2019s property, large portions of his real-estate portfolio, which included multiple luxury residences, have since been sold by the estate. <\/p>\n Karyna Shuliak was 20 when she first met Jeffrey Epstein. He later presented her with a 33-carat diamond \u2018engagement\u2019 ring\/ Image: X<\/p>\n<\/div>\n<\/div>\n Shuliak, a Belarusian national who appears frequently by name in the Justice Department files, is shown in the documents to have known Epstein since at least 2012. Records indicate that Epstein helped pay for her to attend dental school. She is believed to be living in New York City. The files also show that Shuliak was the last person Epstein called from jail on the night before authorities said he took his own life. Beyond Shuliak, the trust listed more than 40 potential beneficiaries. The two largest allocations after Shuliak were to Epstein\u2019s longtime personal lawyer Darren Indyke, who was to receive $50 million, and his in-house accountant Richard Kahn, who was to receive $25 million. Both men were also named as co-executors of Epstein\u2019s estate. <\/p>\n Left: Richard Kahn. Right: Darren Indyke\/ Image: Observador<\/p>\n<\/div>\n<\/div>\n Other unredacted names in the trust include Epstein\u2019s brother Mark Epstein, a New York-based property developer, and Ghislaine Maxwell<\/a>, who was convicted in 2021 of conspiring with Epstein to sexually abuse teenage girls and is serving a 20-year federal prison sentence. The trust specified that each of them should receive $10 million. Epstein also intended to leave $5 million to Martin Nowak, a Harvard University mathematics professor with whom he had a long-standing relationship; Nowak\u2019s name appears misspelt in the document. <\/p>\n Mark Epstein (born 1954) is a New York-based property developer, real estate investor, and former artist\/ Image: IMDb<\/p>\n<\/div>\n<\/div>\n Several of the 40 names listed in the trust remain redacted in the Justice Department release. Mark Epstein has previously said he was unaware that he had been named as a beneficiary. <\/p>\n While the trust lays out Epstein\u2019s intentions, it does not determine what any beneficiary will ultimately receive. The value of the estate has fallen sharply since his death, eroded by taxes, prolonged legal disputes and payments to victims. At the time of Epstein\u2019s death, his estate was valued at roughly $600 million. However, According to a NYT report<\/a>, More recent court filings have placed its value at closer to $120 million, although the final figure could rise because some venture-capital investments remain valued at their 2019 levels. Daniel Weiner, a lawyer for the estate, has said that neither Indyke nor Kahn, nor any other beneficiary, \u201cwill receive any money from that estate unless and until all creditors and claims on the estate have first been satisfied in full, including claims for compensation made by women who suffered abuse at Mr. Epstein\u2019s hands.\u201d Notably, the 1953 Trust itself made no provision for the more than 200 teenage girls and young women whom Epstein is believed to have abused. After his death, however, Indyke and Kahn established a restitution fund that paid out $121 million to victims. Separately, the estate has paid $49 million in settlements related to abuse claims. <\/p>\nThe 1953 Trust and the intended beneficiaries <\/h2>\n<\/p>\n
![\"epstein](\"https:\/\/static.toiimg.com\/photo\/imgsize-23456,msid-128009869\/epstein-and-gf.jpg\" "\\"Karyna")
<\/p>\n![\"Left:](\"https:\/\/static.toiimg.com\/photo\/imgsize-23456,msid-128009562\/left-richard-kahn-right-darren-indyke-photo-montage-courtesy-of-observador.jpg\" "\\"Left:")
<\/p>\n![\"Mark](\"https:\/\/static.toiimg.com\/photo\/imgsize-23456,msid-128010069\/mark-epstein.jpg\" "\\"Mark")
<\/p>\nWhat beneficiaries will actually receive, and the victims\u2019 compensation <\/h2>\n<\/p>\n
How Epstein built, and sheltered, his wealth <\/h2>\n<\/p>\n
![\"lex](\"https:\/\/static.toiimg.com\/photo\/imgsize-23456,msid-128010218\/lex-wexner-and-leon-black.jpg\" "\\"The")
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