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.
Business FILE - In this July 20, 2017 file photo, former NFL football star O.J. Simpson reacts after learning he was granted parole at Lovelock Correctional Center in Lovelock, Nev. Simpson, the decorated football superstar and Hollywood actor who was acquitted of charges he killed his former wife and her friend but later found liable in a separate civil trial, has died. He was 76. without having paid the lion’s share of the $33.
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 even stronger claim.
Arash Sadat, a Los Angeles attorney who specializes in property disputes, says it is “100%” better for the claimant to have the debtor be deceased and their money in probate. ”He did everything he could to avoid paying this debt," Sadat said."Three or four years later, he died. And within weeks, the estate cuts a check for $12 million. That’s the $9 million plus interest that I had accrued over this time.”
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