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.
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)
