Thu., January 6, 2011 4:50pm (EST)

Nathan Deal Puts Assets In Trust
By Susanna Capelouto
Updated: 4 years ago

ATLANTA  —  
Govenor Elect Nathan Deal put his assets into a blind trust. (photo GPB Stock)
Govenor Elect Nathan Deal put his assets into a blind trust. (photo GPB Stock)
Governor Elect Nathan Deal has set up a blind trust to control his personal assets while in office. Jimmy Allen, a Tifton-based accountant will oversee the governor's assets while he's in office. Allen is also a Deal supporter.

Deal has also restructured a $2.2 million dollar loan that was due Feb. 1. It stems his investment in a failed outdoor equipment store.


Allen said Deal and his wife liquidated their retirement accounts and paid off about $850,000 of that debt. The remaining $1.35 million has been refinanced and is due in three years.

Allen says with the restructuring and the blind trust, Deal will be able to focus on his job as governor.

“I think we set it up so simply and getting the note rescheduled and all. To be honest, I’m not looking to have any kind of problem or headache out of it."

Allen says he will try to sell Deal’s home in Gainesville and other property. He says if all sells well the Governor Elect will cover all debts and have some money left.