The family of late ESPN host Stuart Scott is finally taking a break from their legal fight, because they are eating away at what money left behind.
According to The Blast, the money left behind by the former ESPN anchor is quickly disappearing due to the number of lawyers involved, as well as the hearings that are taking place.
Scott’s ex-wife, Kimberly Scott, asked the courts to pause the lawsuit she has against Disney for 60 days. She originally sued them in 2015 after Scott passed away in 2015 due to appendiceal cancer.
She says Scott’s daughters, who run his trust, are currently fighting a separate lawsuit against the co-trustees of Scott’s trust. They accuse the co=trustees of wasting their father’s money and not paying them money owed.
Kimberely says, “To date there has been four days of hearings, with a total of four lawyers, and another nine days are scheduled during November and December.
The legal fees and liabilities/damages caused to the Beneficiaries Trust are close to wiping out all the Trust are close to wiping out all the trust assets unless the parties are able to resolve the issues without further litigation.
“In the present action there has been extensive settlement negotiations,” says Kimberely.
Kimberly and Scott were originally divorced in 2007, with Scott being ordered by the courts to pay his ex-wife $162K plus interest from his Disney Savings and Investment Plan 401k Account. He never paid that amount at the time of his death in 2015.
Kimberly attempted to collect the money owed to her from Disney and ESPN in 2015, but she was told that the assets had been handed out to Scott’s estate, per his instructions.
Walt Disney would soon sue the estate of Scott over the $162K left behind, and then came another suit against The Stuart O. Scott Family Trust and the broadcaster’s ex-wife Kimberley Scott.
Finally, Scott’s daughters claim that the trustees failed to account for $800,000 in assets.
They claim a check given to their mother by the trustees even bounced.