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Black Mamba Trust

This is not about trusting a black mamba. In fact, when we were in Zambia last year, we were advised not to walk to our cabin by ourselves because of the presence of black mambas (and hippos). I was skittish and hyper-aware the entire time.

When Kobe Bryant, aka the Black Mamba, died in January he left a trust for the benefit of his widow, Vanessa, and their daughters. The trust was last amended before the birth of his youngest daughter, Capri, who is not mentioned as a beneficiary. His widow has petitioned the LA Superior Court to add Capri as a beneficiary of the trust.

Several brief points:

1. When drafting a trust, I usually refer to “children” so clients do not have to amend their trusts when they have additional children. The exception is when there is the possibility of illegitimate children who should be excluded.

2. Kobe created his trust in 2003 and had amended it when each daughter was born, except for his youngest. Apparently, it is easy to get distracted and waste time when retired.

3. Kudos to Vanessa. Usually, people are suing to exclude people from a trust rather than include them.

Photo credit:  Vanessa Bryant/Instagram

License:  Fair Use/Education (from linked article)

TML Again

I wrote Paul Daugherty’s The Morning Line blog for the Cincinnati Enquirer again today. I riffed on the arrogance of the Bengals, the over-achieving of UC hoops, the inanity of the Presidential primary process, and a brief trip report about our month in Phoenix. I hope you enjoy it.it:  

 

 

 

Photo Credit:  Kareen Elgazzar for Cincinnati Enquirer

License:  Fair Use/Education (from linked article written by me)

21st Century Mourning (and Immortality)

 

Credit:  WuMo by Wulff & Morgenthaler

License:  Fair Use/Education

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Wishing everyone an incredible 2020.

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All Posts By Jay Brinker

I am an attorney located in Cincinnati, Ohio who practices in the areas of estate planning, probate, asset protection, and small business advice. I make a difficult and bewildering process as simple as possible. Most importantly, I provide "more for less" for my clients.