Court to decide management of Las Vegas gunman’s assets

Updated November 17, 2017 - 4:04 pm

A judge could decide as early as next month how the assets of gunman Stephen Paddock are managed, Clark County Administrator John Cahill said after a court hearing Friday.

Meanwhile, the shooter’s brother, Eric Paddock, sat in the back row of a courtroom at the Regional Justice Center, observing probate proceedings.

“I’m here to help the process move along, but I’m pretty much at the end of what I can do,” he later told the Las Vegas Review-Journal. “My goal is to get it done as quickly as possible to move funds into a victims fund.”

Stephen Paddock killed 58 people at the Route 91 Harvest festival on Oct. 1 before killing himself in his Mandalay Bay suite.

Probate Commissioner Wesley Yamashita assigned the case to District Judge Gloria Sturman and scheduled a hearing for Dec. 7, when either Cahill or a private company could delegate how the gunman’s assets will be distributed.

Private fiduciary Donnalyn Vanorman-Wasano, with Estate Fiduciary Services LLC, is willing to handle the matter, said Elyse Tyrell, an attorney for the firm.

“We are offering the fact that this is what she does and if her services are needed, she’s available,” Tyrell said.

Within a week of the shooting, family lawyers for one of the victims who was killed, John Phippen, asked to freeze Stephen Paddock’s assets, which include his Mesquite home, purchased for $369,000 in 2015.

Attorney Alice Denton, who represents five other victims, said she was seeking transparency through a neutral third-party in the distribution to ensure that Stephen Paddock’s assets benefit victims and their families.

“All the victims need to see who is the nominated person,” Denton said, adding that the assets should be “preserved for the benefit of the victims, rather than spend it on administrative expenses.”

Houston attorney James Lee, who represents shooting victim Rachel Sheppard, said he did not want Stephen Paddock’s family in control of the assets.

Cahill has opposed taking control of the assets, but he said this week that unless someone else steps forward, he expects to be appointed and would not appeal. He also planned to ask for authority to list Stephen Paddock’s home for sale.

Eric Paddock said he is “virtually certain” his brother did not leave a will. Stephen Paddock was a high-stakes gambler, but Eric Paddock said his brother’s net worth is unclear. Cahill said no will has been found.

If Cahill is assigned to Stephen Paddock’s estate, he said he would work to ensure that the assets are “conserved in such a manner that it’ll be clear from the start it’s going to be distributed to victims.”

Contact David Ferrara at dferrara@reviewjournal.comor 702-380-1039. Follow @Randompoker on Twitter. Review-Journal staff writer Jeff German contributed to this story.

ad-high_impact_4
Local
Underground home was built as Cold War-era hideaway
The underground house at 3970 Spencer Street is one of the valley’s most unusual homes built 26 feet underground in 1978 by Girard “Jerry” B. Henderson, who, planned to survive the end of the world there.
Lip Smacking Foodie Tours takes you where the locals go
Donald Contursi talks about Lip Smacking Foodie Tours, which offers walking tours of restaurants on and off Las Vegas Boulevard with food samples and tidbits of history about the places they visit.
Bump stock manufacturers under fire
The Justice Department said last month that it had started the process to amend federal firearms regulations to clarify that federal law defines bump stocks as machine guns.
Art Bell’s Top 10 Shows
A selection of radio host Art Bell’s most popular shows.
Longtime Las Vegas attorney John Momot dies at age 74
Criminal defense attorney John Momot, who represented mob figures and even played himself in the movie “Casino,” has died.
David Copperfield in court after man injured during magic trick
The attorney for a British man who is suing illusionist David Copperfield said his client suffered serious injuries after being called on stage during Copperfield's show at MGM Grand.
5 things connecting Las Vegas and Marilyn Monroe
1. Marilyn Monroe, known then as Norma Jeane, obtained her first divorce in Las Vegas at the age of 20 on September 13, 1946. 2. According to some biographers, Monroe lived at 604 S. 3rd Street for four months during the summer of 1946. The house has since been torn down and is now the site of a parking lot. 3. In 1954, Monroe almost married Joe DiMaggio in Las Vegas but the wedding was called off last minute. The wedding was to be held at the Hotel El Rancho Vegas which was located on the southwest corner of Sahara Avenue and Las Vegas Boulevard. 4. Las Vegas has at least one road dedicated to the star. Marilyn Monroe Avenue is located in east Las Vegas and intersects with Betty Davis Street and Cary Grant Court. 5. There are currently more than 20 Marilyn Monroe impersonators for hire in the Las Vegas Valley.
Sir Richard Branson announces purchase of Hard Rock Hotel
Sir Richard Branson, founder of the Virgin Group, has acquired the Hard Rock Hotel with partners and plans to turn it into a Virgin-branded property by the end of 2019.
3 Centennial High School students killed in Calif. crash (Full)
Three Centennial High School students were killed Thursday morning in Southern California when their vehicle was struck by a suspected drunken driver while they were enjoying their spring break, according to a family member of one of the victims.
Retail Restroom Sexual Assault Suspect
Las Vegas police are asking for help finding a man they said groped a woman in a south Las Vegas Valley restroom. (Las Vegas Metropolitan Police Department)
Calvary Christian Learning Academy, “There was no fair warning.”
Samantha O’Brien, whose three-year-old daughter attended the Calvary Christian Learning Academy daycare, found out Monday night when her daughter’s teacher called about the school closing.
Mojave Max at Springs Preserve
File footage of Mojave Max at Springs Preserve. (Springs Preserve)
Crime
Metro Capt. Jaime Prosser gives update of officer-involved shooting
Metro Capt. Jaime Prosser provides an update about an officer-involved shooting at Radwick Drive and Owens Avenue in the northeast Las Vegas on Thursday. A robbery suspect was shot and killed. (Bizuayehu Tesfaye/Las Vegas Review-Journal) @bizutesfaye
LVMPD Looking For Robbery Suspect
The LVMPD Commercial Robbery Section is attempting to identify the pictured suspect who is responsible for committing robberies to businesses in the southern part of the Las Vegas Valley during the month of May 2018. The suspect enters the business, threatens the employee with a firearm and demands money from the register. The employee complies and the suspect flees the business.
North Las Vegas police are investigating a triple shooting that left one man dead
North Las Vegas police are investigating a triple shooting that left one man dead at 2500 block of Ellis St., on Friday, June 8, 2018. Bizuayehu Tesfaye/Las Vegas Review-Journal @bizutesfaye
1 dead in shooting at southwest Las Vegas home
A dispute between roommates led to the fatal shooting of one man in the backyard of their southwest Las Vegas Valley home on Monday, April 23, 2018. (Rio Lacanlale/Las Vegas Review-Journal)
Bump stock manufacturers under fire
The Justice Department said last month that it had started the process to amend federal firearms regulations to clarify that federal law defines bump stocks as machine guns.
Henderson Police Seek Armed Bank Robbery Suspect
This afternoon a male suspect entered the Bank of America, located at 2638 W. Horizon Ridge Parkway, at about 12:40 p.m. As he entered the bank, he pulled a black mask down to conceal his face.The suspect is described as a late-forties to early-fifties white male adult, approximately 5 foot 8 inches to 5 foot 10 inches tall and weighing approximately 160 to 180 pounds He was last seen wearing a dark colored beanie, a grayish blue plaid shirt, dark jeans and dark colored shoes. His head was shaved on the sides and the top of his hair was dark in color. Vehicle was described as possibly a gray 2012-2014 four door Ford Focus. The license plates were covered with black tape. The suspect is considered armed and dangerous. Do not attempt to contact the suspect but call police immediately. Anyone with information is urged to call the Henderson Police Department at 702-267-4911, to remain anonymous, call Crime Stoppers at 702-385-5555.
Sunset Park Homicide (update 2)
LVMPD gives update about suspect in homicide at Sunset Park (Blake Apgar)
Sunset Park Homicide (update)
Update from LVMPD on Sunset Park homicide. Releasing suspect's name (Blake Apgar)
Sunset Park Homicide
Police give details about Sunset Park homicide on Sunday, April 15, 2018. (Blake Apgar)
Security guard thwarts mailbox vandals
A security guard at the Covington at Coronado Ranch apartment complex ended up in the hospital after thwarting a group of mailbox vandals on Monday morning. According to Las Vegas police, about 12:45 a.m. the guard saw a group of people trying to break into mailboxes at the central Las Vegas complex when he confronted them. The group jumped into a vehicle and while trying to flee, struck the guard. The guard was hospitalized with injures that were not life-threatening. The suspects fled and remain at-large.
Las Vegas police looking for robbery suspects
Authorities are looking for three men who police said used a weapon on their victims in a recent string of robberies across the Las Vegas Valley. (Las Vegas Metropolitan Police Department)
Las Vegas police looking for robbery suspects
Authorities are looking for three men who police said used a weapon on their victims in a recent string of robberies across the Las Vegas Valley. (Las Vegas Metropolitan Police Department)
Metro investigates an officer-involved shooting in east Las Vegas
Las Vegas police investigate an officer-involved shooting at Madge Lane and Mabel Road, between Charleston Boulevard and Stewart Avenue, Friday, April 6, 2018, in Las Vegas. Bizuayehu Tesfaye/Las Vegas Review-Journal @bizutesfaye
Robbery Surveillance Video
Police are searching for a man suspected of robbing two Las Vegas clothing stores in one week.
Retail Restroom Sexual Assault Suspect
Las Vegas police are asking for help finding a man they said groped a woman in a south Las Vegas Valley restroom. (Las Vegas Metropolitan Police Department)
Calvary Christian Learning Academy, “There was no fair warning.”
Samantha O’Brien, whose three-year-old daughter attended the Calvary Christian Learning Academy daycare, found out Monday night when her daughter’s teacher called about the school closing.
TOP NEWS
News Headlines
Home Front Page Footer Listing
Circular
You May Like

You May Like