Missed this, thought I’d post.
A trust, creditors’ claims, Satterfield money? What’s in Murdaugh III’s estate file
NOVEMBER 22, 2021
Among the documents:
A will that that gives all of Murdaugh III’s estate — except for any property Murdaugh III has power of appointment over — to a trust in his name
Two creditors’ claims from a Hampton-based bank totaling more than $935,000
An email that indicates Murdaugh III may have received about $600,000 from the estate of Gloria Satterfield, his son Alex’s deceased former housekeeper. However, reports conflict on how much money was allegedly transferred to Murdaugh III.
Here are details from the estate records of Randolph Murdaugh III, who was the top elected prosecutor over the five-county 14th Judicial Circuit from 1986 to 2005:
On June 23, 2020, Murdaugh III created a will that gave all of his estate to a trust under his name. The Randolph Murdaugh III Trust is listed as the only beneficiary of his estate.
His eldest son, Randolph Murdaugh IV, is named as the personal representative of the estate. If Murdaugh IV were unwilling or unable to serve, Alex Murdaugh would take his place, the will said.
Murdaugh III’s will gave his eldest son the power to handle nearly all aspects of the estate, including to sell property, distribute assets, lend money, sign contracts and hire attorneys and accountants.
Brian T. Treacy, a lawyer unaffiliated with the Murdaugh estate, suggested “Mr. Murdaugh was looking to keep his financial affairs private during his lifetime or, more particularly, after his death.”
However, because Murdaugh III’s “pour-over” will, which automatically transfers assets to a trust, was filed in probate, a complete inventory of his personal property — everything not already in his trust — must be filed by Nov. 29 unless his family asks for an extension.
As of Friday, the family had not filed the inventory and had not requested an extension.