2008/05/02

EXCLUSIVE: Jay-Z Establishes Trust for Sean Bell's Children

AHH: Published Friday, May 02, 2008 12:15 PM, Edited by Fulsome:


Shawn "Jay-Z" Carter has established an educational trust for the for the children of Sean Bell.

Sources have confirmed with AllHipHop that Jay-Z is working closely with Nicole Paultre Bell, Sean Bell's widow, to institute the trust funds for both of their children.

Nicole Bell appeared prominently in Jay-Z’s Rocawear I Will Not Lose advertising campaign with images that caused indignation within the NYPD's Benevolent Association.

A well-informed source close to the matter told AllHipHop that Nicole Bell’s lawyers didn’t want to initiate any activity during the trial.

Typically, a trust fund is regarded as a long-term, profitable program that can provide significant monies that vest when a child becomes an adult or graduates from college.

They can also become available at a designated point in the future. Trusts, educational or otherwise, are generally set up in the child's name, by their parents or others close to the child.

Now that the trial is over, Jay-Z will resume his efforts for the children of Sean Bell in the form of a stock-based trust fund.

Artist that disagree with the verdict include: The Game, David Banner, Swizz Beatz, Talib Kweli, Styles P, Jadakiss and Mos Def.

Dis-klā-mər

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