The Battle Over Control of Ernie Banks’ Estate
The Chicago Cubs’ most valuable player’s family is feuding with his “trusted confidant,” a 56-year old lounge singer, Regina Rice, who inherits his entire estate. According to Court records, Ernie Banks signed estate planning documents in October 2014 and died in January 2015.
“As the case moves forward it will be interesting to see if Mr. Cub had the mental capacity to sign his will and trust, or if he was unduly influenced,” said Peck.
Ernie Banks’ children and his estranged fourth wife live in California. Probate court records from Jan. 28 indicate Bank’s estranged wife, Liz Banks, was originally awarded control over the estate, claiming Banks had died without a will. Shortly thereafter, Rice filed a petition disclosing the existence of a will.
Will contests and estate battles don’t only happen to celebrities. Anyone who doesn’t do their due diligence in properly executing their estate planning documents (will, trust, powers of attorney, etc.) and informing their family could face a similar situation in probate court. To learn more about how to protect your assets and ensure your wishes are met contact one of Peck Ritchey, LLC’s estate planning attorneys at 312-201-0900.
Kerry Peck concentrates his practice in Trust and Estate Litigation, Estate Planning, Administration, Guardianship and Fiduciary Litigation, and Special Needs and Alzheimer’s Disease Planning. Peck is a past President of the 22,000-lawyer Chicago Bar Association. He was retained by the City of Chicago Department of Aging to rewrite the State of Illinois Elder Abuse and Neglect Act. He co-wrote the book Alzheimer’s and the Law, published by the American Bar Association, and is a frequent speaker at continuing education seminars for attorneys and healthcare professionals across the country.
For more information on contested will, trust, and estate matters visit www.peckbloom.com