Thomas Gilbert Jr. is facing murder charges for allegedly shooting his father early this year over a dispute involving Gilbert Jr.’s monthly allowance being reduced by his millionaire father, Thomas Gilbert Sr. The trust fund is estimated to include $1.6 million in funds and Gilbert Sr.’s will named Gilbert Jr. along with his sister and mother as beneficiaries. While a guilty verdict may prevent Gilbert Jr. from receiving the funds, he may still inherit through a successful insanity plea and the estate may still be petitioned to pay his legal defense fees.
See, Son Accused of Killing Hedge Fund Founder Dad Stands to Inherit Part of $1.6M Estate, Fox News, Jan. 15, 2015.
Special thanks to Kristen Vander-Plas (Candidate for Doctor of Jurisprudence 2016, Texas Tech University School of Law) for bringing this article to my attention.
