Paedohile Savile’s £4.3m Estate Frozen By Nat West

November 1, 2012 By 569 Comments

British Bank looking after Savile’s dwindling fortune

NatWest Bank, which is acting Savile’s executor and trustee, said the distribution of his assets had been put on hold because of the allegations. His 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.

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