Belfast Telegraph

Tuesday 21 April 2015

Bank freeze on £4.3m Savile estate

Jimmy Savile's estate is reportedly worth more than four million pounds
Jimmy Savile's estate is reportedly worth more than four million pounds

The estate of Jimmy Savile has been frozen in response to the mounting sexual abuse claims against the late television and radio star.

NatWest Bank, which is acting as the Jim'll Fix It presenter's will executor and trustee, said the distribution of his assets had been put on hold because of the allegations.

Savile's estate is reportedly worth £4.3 million. NatWest said in a statement: "Given the claims raised, distribution of the estate has been put on hold."

Savile's will was written in 2006 and bequeaths his savings and other assets to 26 separate beneficiaries, according to the Financial Times (FT).

The newspaper said it had obtained a copy of the document which instructs that £20,000 in cash was to be shared between 20 of the celebrity's friends, family and neighbours. It says a further £600,000 was to be put into a trust fund, with the interest shared between eight people.

The remainder - just under £3.7 million before expenses - was to be held by NatWest on behalf of the Jimmy Savile Charitable Trust, according to the FT.

Savile's intended individual beneficiaries include the trustees of both his charities and existing and former employees of Leeds General Infirmary and Broadmoor Hospital, the newspaper added.

Police are investigating claims that the star, who died in October last year, sexually assaulted individuals at both NHS sites.

Savile's estate was previously put on hold in July after a woman claimed to be his illegitimate daughter, the FT said. It is believed the latest freeze may be in anticipation of legal claims for damages by Savile's alleged victims.

Scotland Yard is leading a national investigation into the television and radio star's activities. He is now believed to have been one of the UK's most prolific abusers, with about 300 possible victims.

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