The family of late ESPN host Stuart Scott is pressing pause on their legal fighting due to it eating away at the money he left behind.
According to court documents obtained by The Blast, Scott’s ex-wife Kimberely Scott, asked the court to pause her lawsuit against Disney for 60 days.
She says Scott’s daughters, who run his trust, are currently fighting a separate lawsuit against the co-trustees of Scott’s trust. They accuse the co-trustees of wasting their father’s money and not paying them money owed.
Kimberely says, “To date there has been four days of hearings, with a total of four lawyers, and another nine days are scheduled during November and December. The legal fees and liabilities/damages caused to the Beneficiaries Trust are close to wiping out all the Trust assets unless the parties are able to resolve the issues without further litigation.
“In the present action there has been extensive settlement negotiations,” says Kimberely. She is asking for more time to attempt to settle all the legal issues without trial.
Scott’s ex-wife first sued Disney and Fidelity Workplace Services accusing them of paying the trust money owed to her. She said they handed the trust $162,899.04 that was due to her
Kimberely filed for divorce from Stuart in 2007. The ESPN host was ordered to pay his ex-wife $162,899.04 plus interest from his Disney Savings and Investment Plan 401k Account.
Stuart died on January 4, 2015 without ever complying with the divorce decree to transfer the $162k. Kimberely attempted to collect on the money after his death but was told the money was already handed out to his estate.
The Walt Disney Company then sued the estate of Scott over the $162,000 he left behind.
Disney filed suit against The Stuart O. Scott Family Trust and the broadcaster’s ex-wife Kimberley Scott.
Disney explains at the time of Stuart’s death he had listed his family trust as the beneficiary to his retirement. They distributed his funds to his trust prior to receiving notice from Kimberely.
Disney says the estate and Kimberely have “substantive legal disputes relative to the proper ownership of the Deceased’s Plan assets.”
“The assets that were distributed to the trust have been frozen, such that neither the Trust nor Kimberely Scott has access to the assets.”
Disney feared they could inadvertently allow the wrong party to withdraw the assets. They wanted the court to figure out who the money belonged to before it
In their lawsuit, Scott’s daughters, Taelor and Sydni Scott, sued Susan Scott and Charles Silver, the co-trustees of the Stuart O. Scott Family Trust.
Scott died in 2015 and a plan was put in place for the daughters to be the beneficiaries of his estate. They claim that when their father died all his assets went into the Trust instead of them.
Since his death, they claimed the co-trustees have failed to do their job on multiple occasions including failing to open an official estate of create inventory of all his asserts. They claim they have also charged significant fees and failed to profit off their father’s work like his book “Every Day I Fight: Making a Difference, Kicking Cancer’s Ass” or collect royalties for movies he appeared in.
The daughters claim the trustees failed to account for $800,000 in assets and instead one of the co-trustees took possession of the funds. They claim a check given to their mother by the trustees even bounced.