Aaron Hernandez set up hidden trust before he killed himself which may contain money for his five-year-old daughter
- The 'AJH Irrevocable Trust' is the subject of new court proceedings in Boston?
- It was set up by Aaron Hernandez before he killed himself in prison in April?
- The trust's are secret but it was likely set up for his daughter Avielle
- Lawyers who are now trying to recoup money from his estate are demanding to know how much is in the trust and when it was set up
- When Hernandez set the trust up will determine whether the money is off-limits
- Hernandez owed $2million to lawyers and in tax liens at the time of his death?
- His estate is also being sued by the families of his three alleged victims for $12million
- The former Patriots star had $200,000 in retirement accounts when he died??
Aaron Hernandez set up a hidden trust before killing himself in prison, it has been revealed.
The AJH Irrevocable Trust was discussed in court for the first time last week as lawyers who are trying to recover money to pay the disgraced star's debts requested for its contents to become known.?
It is not known how much money is in it or who its beneficiaries are but it is likely Hernandez set it?up for his five-year-old daughter Avielle.?
Lawyers who are now trying to keep its contents private pleaded with a judge to keep a hearing about the trust closed to the public for the five-year-old's sake last week.?
When Hernandez killed himself in prison in April after being acquitted of two 2012 murders and convicted of one, he had racked up nearly $2million in lawyers fees and tax liens.
His estate is also being targeted by the families of the three men he was alleged to have killed who are asking for a combined total of $12million. ??
Lawyers previously described the estate as depleted and listed his 11-bedroom Massachusetts home as one of his only assets along with $200,000 that was found in retirement accounts.
Aaron Hernandez (left a week before his death in April) set up a hidden trust fund before his suicide which may contain money for his five-year-old daughter Avielle (seen right at his funeral with her mother Shayanna Jenkins)
His house was sold earlier this month for $1million - $500,000 less than the asking price.
The trust may contain money he stashed in an attempt to hide it from creditors or cash that he put away for Avielle before his legal woes began. When exactly he set it up and the circumstances surrounding the decision will determine whether or not it can be used to settle his debts or if Avielle, his only child, is entitled to keep it.??
Attorney Matthew Berlin confirmed its existence to Dailymail.com on Tuesday but would not discuss the matter further. ?
In a motion to keep a court hearing on the subject secret, he described Avielle's?right to privacy and said it 'far outweighs the interest of the public in having access' to information about the fund and its contents.
They have been ordered to turn over documents about the trust which will indicate the circumstances under which it was set up by the judge presiding over the dispute surrounding Hernandez's estate.?
John G. Dugan, who is working to recover money from the Hernandez estate, asked the judge to compel them to turn the documents over last week.?
Hernandez (pictured in 2013 after his first arrest) owed $2million in lawyers fees and tax liens when he died but had just $200,000 in retirement accounts?
His daughter Avielle (pictured during his trial in April this year) is his only child. Lawyers are trying to protect the fund from becoming public for her sake?
Hernandez's 11-bedroom home in North Attleboro, Massachusetts, sold earlier this month for $1million?
What will become of any money it contains remains uncertain.
One legal expert told?The Boston Herald the money would be entirely off-limits unless the state could prove Hernandez set it up to purposefully avoid paying back debt by transferring his assets into Avielle's name, a crime under the Massachusetts Fraudulent Conveyance Act. ?
Avielle's mother, Hernandez's fiancée Shayanna Jenkins, has been left to deal with the financial fallout from his death.?
Among his debts is a $1.7million bill from lawyers who worked on both of his trials. They include celebrity attorney Jose Baez.?
There are also three wrongful death lawsuits against the former New England Patriots star.?
Ursula Ward is one of three people suing Hernandez's estate. She is demanding $6million in a wrongful death lawsuit launched on behalf of her son Odin Lloyd?
Jose Baez, Hernandez's attorney, is yet to be paid for representing him. In September this year, he helped the disgraced footballer's fiancee file a lawsuit against the NFL demanding $20million claiming it was responsible for the severe CTE Hernandez suffered?
They were launched by the families of Odin Lloyd, who Hernandez killed in 2013, Daniel De Abreu and Safiro Furtado, the two men whose murders he was acquitted of not long before his death this April.?
Lloyd's mother Ursula Ward wants $6million in damages, and the other two men's families are seeking the same amount. ?
When he was arrested in 2013, Hernandez had been paid some but not all of his promised $40million by the Patriots.?
It is not clear how much money he received from the team.
They halted his salary when he was arrested for Lloyd's murder and have not given him any more money since.?
Hernandez was serving life in jail for killing Odin Lloyd (shown on screen) when he died
The 27-year-old had just been acquitted of killing Daniel De Abreu (left) and Safiro Furtado (right) when he took his own life. The two men's families have since launched a wrongful death lawsuit against his estate and are demanding a total of $6million?
With his plan to appeal his murder conviction, he said he wanted to recoup the remainder of the salary. His conviction was overturned after his death because he had not yet had a hearing when he died.?
The sale of his house earlier this month replenished his estate by $1million and Jenkins previously launched her own lawsuit in the hope of winning funds.?
Hers was against the NFL and asked for $20million on the grounds that the League was responsible for the severe CTE Hernandez suffered before and at the time of his death.?
When medical examiners carried an autopsy after his death, they discovered one of the most severe cases of the brain condition on record.?
Jenkins - with the help of Jose Baez, the aforementioned lawyer who represented Hernandez during his second trial and is yet to be paid for it - filed her lawsuit against the NFL in September.?
She dropped it in October but said she planned to refile not long afterwards.
Hernandez killed himself in his cell at the Souza Baranowski Correctional Center in Shirley, Massachusetts, on April 19
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