Son accused of killing hedge fund founder dad reportedly stands to inherit part of $1.6M estate

Thomas Gilbert Jr. allegedly shot and killed his millionaire hedge fund father Sunday after the two argued over the son’s allowance. (AP)

The man accused of killing his millionaire father in the older man’s Manhattan apartment earlier this month stands to collect an inheritance, according to the hedge fund founder’s will.

The New York Post reported that Thomas Gilbert Sr.’s will splits his $1.6 million estate between his wife, daughter, and son Thomas Gilbert Jr. The younger Thomas, 30, is due to receive quarterly payments from a trust established in his name until age 35, when he gets whatever amount is left in a lump sum. 

Gilbert Jr. has been indicted on murder and other charges in the Jan. 4 shooting in his father’s Beekman Place apartment, not far from the United Nations. Investigators believe that Gilbert confronted his father over a $200 cut in his monthly allowance. 

The Post reports that the will, filed Wednesday in Manhattan Surrogate’s Court, was written less than two years ago. It does not specify the amount of money contained in the trust fund. Court papers say that Gilbert Sr. had $50,000 in bank accounts, $477,000 in hedge funds, $1 million in private equity shares and $100,000 in tangible personal property at the time of his death. 

Legal experts tell the Post that Gilbert Jr. could lose his right to inherit if he is found to have committed “intentional or reckless killing” of his father. However, his defense attorney could petition to have the estate cover Gilbert’s legal fees. The younger man may also have a claim if he makes a successful insanity plea. 

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Son accused of killing hedge fund founder dad reportedly stands to inherit part of $1.6M estate

IMF Chief stands firm on devaluation - "All Angles" interview

On June 28, during her high visibility visit to Jamaica, IMF Managing Director Christine Lagarde granted an exclusive interview to Dionne Jackson Miller for Television Jamaica’s current affairs show, “All Angles.”

The first portion of the interview focused significantly on the devaluation of the Jamaican currency, which is one of the measures being pursued as part of the programme under the current four-year Extended Fund Facility, which Jamaica negotiated with the IMF.

Lagarde was firm in her position that the Jamaican dollar had been “wrongly valued… significantly over-valued relative to the state of the economy.” That state of affairs, she said, had been “accentuated by the fact that there was high inflation.”

She made it clear, however, that the current emphasis on “right valuation” of the Jamaican dollar was not a dogmatic position, in perpetuity, but one that was predicated on the expectation that, with the success of the mix of policy measures being pursued, “then it migh very well mean appreciation of the Jamaican currency.”

Nor did she give any credence to the Opposition’s call for fixing the exchange rate, for a while. “You cannot continue having an economy where the currency is largely over-valued, because if you do that, you have to continuously sell reserves, and the reserves of the country are critically important for it to operate.”

CLICK ON THE ARROW ABOVE TO ACCESS AUDIO OF PART ONE OF THE INTERVIEW

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IMF Chief stands firm on devaluation - "All Angles" interview