Almost eight years later to the day of legendary Chicago Cubs participant Ernie Banks’ passing, a confidential settlement was agreed upon over his property, based on a information launch.
The announcement was made Friday, a couple of days earlier than Banks’ eighth demise anniversary on Jan. 23. Banks, recognized worldwide as “Mr. Cub,” handed away in 2015 on the age of 83.
Soon after his demise, his property was tied up in litigation after Elizabeth Banks, the widow of Ernie Banks, contested his will citing undue affect and incapacity. The will said that Regina Rice, a longtime buddy of his, was the executor, trustee and sole beneficiary.
Elizabeth Banks and his three youngsters weren’t named in his will, Linda C. Chatman, of Chatman Law Offices, who represented Rice within the property case, mentioned.
Rice mentioned she and Elizabeth Banks have “come to a resolution and compromise” and might now transfer ahead in a constructive mild on behalf of Ernie Banks. She mentioned she continues to be the executor and trustee of the Ernie Banks’ property, and “a beneficiary.”
Rice mentioned she couldn’t clarify additional how the need modified from naming her the only real 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 trust remains in full force with Regina Rice as the executor of his estate and trustee of Ernie’s Trust,” Chatman mentioned. “As trustee, Regina will continue to control and manage the trust, including any use of Ernie’s name and likeness.”
Rice mentioned she met Ernie Banks “around 2002, 2003″ and stayed “very good friends” up till his passing. She discovered in 2014 that he had named her in his will, she mentioned.
Elizabeth Banks was married to Ernie Banks on the time of his demise, however the two had been separated since 2007, Chatman mentioned.
Elizabeth Banks was represented by Garofalo Law Group. Gregg Garofalo mentioned in an announcement Saturday Elizabeth Banks “looks forward to focusing on what really matters — celebrating Ernie’s life and legacy.”
He mentioned his shopper is “especially grateful” for the timing of the settlement Ernie Banks and different baseball legends will quickly be joined by Ryne Sandberg on Statue Row outdoors of Wrigley Field.
“Elizabeth’s hope is that Cub Fans, Chicagoans and all baseball fans never forget the talent, optimism and passion that Ernie possessed for not only baseball but life itself,” the assertion mentioned.
“Chicagoland, his fans, we want them to know — because it wasn’t a pretty picture — and we just want them to know that it’s been settled,” Rice mentioned. “It’s been peacefully settled. Everybody agrees with the terms, and we want to move on and highlight Ernie’s name and likeness and share a very optimistic direction with his legacy because he was a good man. Once you start talking to people about him, you see why he was just a good man. It’s very unfortunate that it had to go through this period, but we’re in a different place now.”
Rice mentioned she is a producer on the upcoming movie, On Smoother Dirt, which is in preproduction and can depict Ernie Banks’ adolescence. The movie doesn’t have a launch date but, Rice mentioned, however filming is about to start quickly and he or she is eager for a 2023 launch.