Aaron Hernandez supposedly did some pre-planning when it came to his finances prior to his suicide in prison in April.
The former New England Patriot’s tight end set up an irrevocable trust for his 5-year-old before committing suicide in his prison cell in April, the Boston Herald reported Tuesday, citing court documents. The contents of irrevocable trusts are private and no longer in control of the individual who set it up, meaning the beneficiary is almost certainly guaranteed to access that money.
The decision is a compelling one in many senses, particularly in that Hernandez’s estate reportedly is being used to pay off some of his debts left behind.
Hernandez had $2.82 million in debt when he was arrested in 2013, according to the Herald report, and claimed he had just $1.2 million in assets to pay off those debts.
In terms of the trust itself, the actual dollar amount and the date it was created has not been publicly released.
Whether that money actually will make its way to Hernandez’s daughter will be sorted out in court. Given the usually air-tight nature of such trusts, it would take a lot of convincing for it to be revoked. But for the time being, the information surrounding that trust had to be turned over to a judge.
