Not really since he gave the money away, deeming it exempt property from creditors. Maybe his kids are angry at him for whatever reason and refuse to participate in the sham. Thus the girlfriends adoption so he can get his grubby hands on it judgement free.
He must be up to something, because the Trust (if I’m not mistaken) is untouchable as is. “Protecting the minor children’s financial interest” is pure BS. It’s protected already, without doing a thing.