The latest will of Tom Benson excludes his daughter and her children.
Tom Benson was a successful man.
You have to be financially successful to own multiple professional sports teams.
Success also makes other people interested in your estate planning.
According to a recent KPVI article titled “Though excluded from his will, Tom Benson's daughter and grandchildren received much from family patriarch,” Benson was very specific in his estate plan.
Benson left the estate to his third wife Gayle. This included controlling interest in the Saints, the Pelicans, the Dixie Brewing Company, car dealerships, a $3.6 Uptown mansion, the site of Benson Tower and Champions Square, parking lots for the Pelican and Saints fan, and racing stables.
Not included in his estate?
Benson left out his daughter Renee Benson and two grandchildren, Ryan and Rita LeBlanc.
In 2015, Renee and the grandchildren had a falling out and a court battle with Mr. Benson.
At the end of this battle, they received bank branches, three car dealerships, and a hunting ranch.
They will get to keep these assets.
Although they have five years to challenge the will, an attempt would likely be unsuccessful.
Benson was declared mentally capable by a judge mere weeks before the will was drafted.
Benson placed all of his properties in a trust with Gayle as the beneficiary and Dennis Lauscha in charge.
Lauscha also serves as the Pelican and Saints president.
Remember: “An ounce of prevention is worth a pound of cure.” When making your financial, tax and estate plans, do not go it alone. Be sure to engage competent professional counsel.
For more information about estate planning in Overland Park, KS (and throughout the rest of Kansas and Missouri), visit our estate planning website and be sure to subscribe to our complimentary estate planning e-newsletter while you are there.
Reference: KPVI (March 19, 2018) “Though excluded from his will, Tom Benson's daughter and grandchildren received much from family patriarch”