O.J. Simpson died without having paid the lion's share of the $33.5 million judgment a civil jury awarded to the families of his ex-wife Nicole Brown Simpson and her friend Ron Goldman
LOS ANGELES — LOS ANGELES (AP) — O.J. Simpson died Wednesday without having paid the lion’s share of the $33.5 million judgment a California civil jury awarded to the families of his ex-wife Nicole Brown Simpson and her friend Ron Goldman.
Acquitted at a criminal trial, Simpson was found liable by jurors in a 1997 wrongful death lawsuit.
The public is now likely to get a closer look Simpson's finances, and the families are likely to have a better shot at collecting — if there is anything to collect.
Here's how the next few months may play out.
Whether or not he left behind a will, and whatever that document says, Simpson's assets will now almost certainly have to go through what's known as the probate process in court before his four children or other intended heirs can collect on any of them.
Different states have different probate laws. Generally, the case is filed in the state where the person was living when they died. In Simpson's case that's Nevada. But if significant assets are in California or Florida, where he also lived at various times, separate cases could emerge there.
Nevada law says an estate must go through the courts if its assets exceed $20,000, or if any real estate is involved, and this must be done within 30 days of the death. If a family fails to file documents, creditors themselves can begin the process.
Once the case is in court, creditors who say they are owed money can then seek a piece of the assets. The Goldman and Brown families will be on at least equal footing with other creditors, and will probably have an
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