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Bank freeze on £4.3m Savile estate
The estate of Jimmy Savile has been frozen in response to the mounting sexual abuse claims against the late television and radio star.
NatWest Bank, which is acting as the Jim'll Fix It presenter's will executor and trustee, said the distribution of his assets had been put on hold because of the allegations.
Savile's 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.
Police are investigating claims that the star, who died in October last year, sexually assaulted individuals at both NHS sites.
A solicitor representing alleged victims of Savile welcomed NatWest's decision to freeze the estate.
Alan Collins from law firm Pannone said, "This is good news for those victims of Savile who are taking legal action, as it means that they will be able to pursue claims against the estate. If NatWest had not put the estate on hold, it would have meant legal action against Savile's estate to prevent the assets from being distributed amongst the beneficiaries of his will."