Former New England Patriots tight end Aaron Hernandez was arrested in 2013 for the murder of Odin Lloyd. He committed suicide in April of the same year while serving a life sentence for the crime. When the Patriots released Hernandez from his contract after these issues arose, they had paid him nearly $9 million out of the $40 million deal. In spite of this substantial income, Hernandez’s estate is likely insolvent, with nearly $3 million in liabilities and a scant $1.2 million declared in assets. Hernandez was thoughtful and prescient enough to create a trust for his daughter before his death. If the trust is upheld by the court, which is doubtful, it would be shielded from Hernandez’s creditors and could provide his daughter with some income and support.
See Shalise Manza Young, Report: Aaron Hernandez May Have Hidden Money in Trust Before His Death, Yahoo! Sports, November 29, 2017.
