Hunter Biden claimed under oath that his family is broke and that he’s being crushed by legal fees in a recently released deposition transcript. The deposition is related to an ongoing lawsuit between Biden and the law firm Winston Taylor for unpaid legal bills.

Background

Winston Taylor, which has a history of representing leading Democrats, claims that the Biden scion owes them $17 million from representing him in criminal prosecutions, congressional investigations, and defamation suits against his critics.

Hunter Biden argued that his family doesn’t have any money and that the debt is not theirs. He stated that he doesn’t own anything of value other than his paintings, which he painted himself, and that he doesn’t have any other assets, such as stocks, bonds, or savings accounts.

Claims that the Biden family may be strapped for cash are reflected in other reporting. The Wall Street Journal reported in September 2025 that former President Joe Biden is having trouble cashing in on his time in the White House, with roughly $800,000 in personal debt and increased property taxes on their $2.7 million Delaware home.

Financial Situation

Former President Joe Biden pulls in more than $400,000 a year in government pensions from his time in Congress and the White House, according to the National Taxpayers Union Foundation. However, Hunter Biden’s claimed lack of assets follows years of partying and substance abuse, which could have contributed to his financial situation.

Hunter Biden’s spending habits, including large sums of cash on crack cocaine, alcohol, stays at luxury hotels, prostitutes, and expensive jewelry, may have blown through the wealth he accumulated selling paintings and earning a seven-figure salary while employed by the Ukrainian energy company Burisma.

Biden argues that Winston Taylor knew he would be unable to pay his legal fees when it agreed to take him on as a client and claims the parties agreed to ‘work something out.’ The law firm, meanwhile, says that it tried to connect Biden with donors in the Democratic ecosystem to help him cover his legal bills.

Original reporting: Fox News (HLL/CB) — read the source article.