Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

Saturday, August 29, 2015

Estate Of Ernie Banks Faces New Challenge As Creditor Steps Forward

Article PictureAs I have previously discussed, the estate of Ernie Banks has been embroiled in legal challenges from his estranged wife who was left out of the will. Now, the estate faces more trouble as a long time friend of Banks has stepped forward claiming he owed her $80,000 from his time as an executive at her families moving company. Shirley Marx claims that she had loaned Banks the money over the years as the Hall of Famer faced cash flow problems, however, no documentation exist that proves the debt. Between this new claim and the potential for a long legal battle over the will, some worry that the estate will be exhausted of assets before a resolution is reached. Let us hope that this case does not end in Dickensian fashion

See Jason Meisner, Longtime friend of Ernie Banks wants his estate to repay $80,000 debt, Chicago Tribune, August 28, 2015.

Special thanks to Brian Cohan (Attorney at Law, Law Offices of Brian J. Cohan, P.C.) for bringing this article to my attention.


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