Virtually eight years later to the day of legendary Chicago Cubs participant Ernie Banks’ passing, a confidential settlement was agreed upon over his property, in line with a information launch.
The announcement was made Friday, a number of days earlier than Banks’ eighth dying anniversary on Jan. 23. Banks, recognized worldwide as “Mr. Cub,” handed away in 2015 on the age of 83.
Quickly after his dying, his property was tied up in litigation after Elizabeth Banks, the widow of Ernie Banks, contested his will citing undue affect and incapacity. The need acknowledged that Regina Rice, a longtime good friend of his, was the executor, trustee and sole beneficiary.
Elizabeth Banks and his three kids weren’t named in his will, Linda C. Chatman, of Chatman Regulation Workplaces, who represented Rice within the property case, stated.
Rice stated she and Elizabeth Banks have “come to a decision and compromise” and might now transfer ahead in a optimistic gentle on behalf of Ernie Banks. She stated she remains to be the executor and trustee of the Ernie Banks’ property, and “a beneficiary.”
Rice stated she couldn’t clarify additional how the desire modified from naming her the only beneficiary to a beneficiary or say who else was named as a beneficiary due to the phrases of the confidential settlement.
“Ernie Banks’ 2014 will and belief stays in full pressure with Regina Rice because the executor of his property and trustee of Ernie’s Belief,” Chatman stated. “As trustee, Regina will proceed to regulate and handle the belief, together with any use of Ernie’s identify and likeness.”
Rice stated she met Ernie Banks “round 2002, 2003″ and stayed “excellent buddies” up till his passing. She discovered in 2014 that he had named her in his will, she stated.
Elizabeth Banks was married to Ernie Banks on the time of his dying, however the two had been separated since 2007, Chatman stated.
Elizabeth Banks was represented by Garofalo Regulation Group. Gregg Garofalo stated in a press release Saturday Elizabeth Banks “seems to be ahead to specializing in what actually issues — celebrating Ernie’s life and legacy.”
He stated his consumer is “particularly grateful” for the timing of the settlement Ernie Banks and different baseball legends will quickly be joined by Ryne Sandberg on Statue Row exterior of Wrigley Subject.
“Elizabeth’s hope is that Cub Followers, Chicagoans and all baseball followers always remember the expertise, optimism and keenness that Ernie possessed for not solely baseball however life itself,” the assertion stated.
“Chicagoland, his followers, we wish them to know — as a result of it wasn’t a reasonably image — and we simply need them to know that it’s been settled,” Rice stated. “It’s been peacefully settled. Everyone agrees with the phrases, and we need to transfer on and spotlight Ernie’s identify and likeness and share a really optimistic route along with his legacy as a result of he was a great man. When you begin speaking to folks about him, you see why he was only a good man. It’s very unlucky that it needed to undergo this era, however we’re in a unique place now.”
Rice stated she is a producer on the upcoming movie, On Smoother Dust, which is in preproduction and can depict Ernie Banks’ adolescence. The movie doesn’t have a launch date but, Rice stated, however filming is ready to start quickly and she or he is longing for a 2023 launch.