Following weeks of legal strife between former Los Angeles Clippers owner Donald Sterling and his extranged wife, former Microsoft chief executive Steve Ballmer is now the official owner of the team after a California court approved the $2 billion sale of the basketball franchise on Tuesday, August 12.
In June, Shelly Sterling asked a probate court to allow her to single-handedly sell the team in behalf of the Sterling Family Trust after ousting her husband as a co-trustee on grounds of mental incapacitation from Alzheimer’s.
As part of the deal, Shelly Sterling will receive two courtside seats for each Clippers game at the Staples Center, six parking spaces, three champion rings following any Clippers’ NBA championship, and the titles Clippers’ No. 1 Fan and owner emeritus.
Reaching your desired outcome during probate litigation is extremely important in safeguarding your interests and your future. If you or someone you know is facing probate issues in Chicago, our team of probate attorneys at Peck Ritchey, LLC, may be of great help. Call our offices at 855-328-5787 today.
Kerry R. Peck, managing partner of Peck Ritchey, was recently interviewed by NBC News journalist Maria Shriver about how the law can work in the best interest of an Alzheimer’s patient’s wishes.
According to Peck in his new book “Alzheimer’s and the Law,” there are five very important issues to look into when an early-stage Alzheimer’s patient is planning their estate. Otherwise, Peck mentions, family members could be left with extremely large decisions to make that would not necessarily be in what would have been the affected individual’s best interest. An Alzheimer’s patient would likely benefit from examining the following issues:
- When designating a Power of Attorney, select an individual that you trust to act in your best interest.
- Finalize a Last Will and Testament; this will name an executor, pay any remaining debts, and distribute your assets as you wish.
- Alzheimer’s progresses quickly, so time is of the essence with estate planning.
- What are your long-term goals? Are you willing to shell out thousands on long-term care if need be?
- Discuss your wishes, such as those regarding nursing home placement, in a heart-to-heart with your family members and loved ones. Estate planning doesn’t always cover everything, so make sure that certain individuals are able to listen to what you really want for yourself.
Estate planning gives you the opportunity to ensure that your wishes are still carried out when you are no longer capable of managing such affairs. As such, estate planning can be absolutely indispensable to many individuals, especially those with any amount of assets or children.
To read Peck’s full interview with Maria Shriver in NBC News, click here.
In a court trial on July 7, a witness stated that L.A. Clippers owner Donald Sterling has likely been suffering from Alzheimer’s, a condition that would allow his wife, Shirley Sterling, to single-handedly sell the basketball franchise, the Associated Press reported.
Dr. Meril Sue Platzer said that after conducting a series of assessment, including imaging tests and a two-hour interview, she concluded that Mr. Sterling may be exhibiting the early signs of Alzheimer’s. Under a family trust agreement, Mr. Sterling’s health condition would make him unfit to manage his family’s assets. This would thereby grant his wife the authority to sell the NBA team to former Microsoft CEO Steve Balmer.
Probate litigation can be especially difficult for individuals with Alzheimer’s. In trying times like this, the lawyers at Peck Ritchey, LLC, know how important it is to secure your welfare. If you are in need of competent probate representation in Chicago, consult with our team by dialing (855) 328-5787 today.
If you have a family member or close friend who is suffering from Alzheimer’s disease, you may think that it’s too late to go through the estate planning process or draft a will. However, this isn’t necessarily true. Before you start the planning process to draft legal documents, learn what a Chicago will attorney can — and cannot — do for your family.
An Attorney Can Draft A Will for Alzheimer’s Sufferers
If you’ve ever watched a television drama or movie, you know that someone needs to be ‘of sound mind’ to sign a legal document. However, this can be a little misleading, especially when dealing with Alzheimer’s patients. Many Alzheimer’s patients have periods of time when they’re lucid and during these times can be found competent to sign a will. He or she will need to meet the following requirements:
- He or she knows who his or her spouse or children are.
- He or she understands that he or she is signing a will.
- He or she understands what type of property he or she owns.
- He or she is able to determine where the property should go after his or her death.
What If There’s A Legal Guardianship In Place?
If someone has a legal guardianship in place, it is possible to still sign legal documents. However, the individual needs to meet all the above criteria. If it can’t be met, then their attorney and all the other parties will have to meet at another time.
Many Alzheimer’s patients suffer from Sundowner’s Syndrome. This happens in the later part of the day and can lead to extra confusion, memory loss, agitation, and even anger. For this reason, it’s a good idea to meet with an attorney early in the day instead of in the afternoon or early evening. Look for an attorney who has experience in dealing with Alzheimer’s patients because they will understand that you may need an early appointment.
What If The Person Is Physically Unable To Sign The Document?
In some cases, the person may be physically unable to sign the document. This doesn’t necessarily mean that the document isn’t legal. As long as the individual understands what is going on, they can simply make an X or even direct someone else to sign for them. The most important thing here is the intent — not the physical ability.
What If An Attorney Determines That The Individual Is Unfit To Sign?
Attorneys are concerned with following the law and if an attorney determines that your loved one isn’t fit to sign, you won’t be able to have a will created. This is why it’s so important to contact an attorney before symptoms become too severe.
If you have a parent or family member who’s showing early signs of Alzheimer’s disease, one of the best things you can do is to get them to visit with an attorney as quickly as possible. Coming up with a plan for your parent or loved one is one of the kindest things you can do for them.
To learn more about us or to find your own Chicago will attorney, please call us today at (312) 201-0990.