It is unusual that Las Vegas mass killer Stephen Paddock left behind an estate valued at approximately $5 million. However, it is not unusual to have many claims against the estate under the circumstances, according to Fox News in “Las Vegas gunman Stephen Paddock’s $5M estate to be settled in court, judge says.”
There are so many potential claims against the estate that the judge in charge of overseeing it is worried that paying any early claimants might leave later claimants uncompensated.
The judge has ordered that attorneys for the victims develop and plan how the estate can be administered, so all victims and their families are fairly compensated. The plan is due by Jan. 31, 2018.
The court plans to appoint someone to administer the estate in a later hearing.
Paddock’s surviving family members have indicated that they want nothing to do with his estate and that the assets should be given to his victims.
Developing a plan to compensate everyone fairly will be challenging for the attorneys. There is not likely to be enough money for everyone to get what they think they should.
Reference: Fox News (Dec. 14, 2017) “Las Vegas gunman Stephen Paddock’s $5M estate to be settled in court, judge says.”