Tom Benson, the owner of the New Orleans Saints and the New Orleans Pelicans, filed a lawsuit on March 11 in an effort to remove the two teams from the trusts assigned to his estranged daughter and her kids, according to a report by The New York Times.
The lawsuit, which was filed in the U.S. District Court for the Eastern District of Louisiana, requests to allow Benson to remove the ownership in exchange for $556 million worth of secured promissory notes. The move was done to fulfill his wish of leaving the two teams to his third wife and not to his daughter Renee and grandchildren Rita and Ryan, which was the previous plan.
Last January, Benson expressed his intention to leave the two teams to his third wife. The announcement led his daughter and his grandchildren to file a claim that sought to declare that Benson is mentally incapable of running his own businesses, and Renee should therefore take charge of his financial affairs.
If you are facing any probate issue in Chicago, a lawyer at Peck Ritchey, LLC, might be able to help you protect you and your loved one’s future. Call us at (855) 328-5787 to learn more about how we may put our experience to work for you.
Attorney Kerry Peck of Peck Ritchey, LLC, recently had an article published in Bifocal, Journal of the ABA Commission on Law and Aging. His article, “Will and Trust Contests: Attorneys and the Issue of Client Capacity,” deals with issues related to client capacity and how to help clients avoid a contested will and when an attorney should question a client’s mental capacity. The article can be viewed online by clicking here.