Legal Implications of the Sterling Trust Dispute

Patrick Lannon, with the Bilzin Sumberg Baena Rice & Axelrod, writes in the New Miami Blog that “as is evident from Donald Sterling’s challenge of his removal as trustee, the protections against incapacity built into a trust document do not always avoid acrimony and lawsuits.  However, these protections are almost always preferable to outright ownership.  If Shelly Sterling ultimately prevails she will have dealt with her husband’s problems quickly, efficiently and apparently quite profitably.  Since none of us can be assured of retaining our capacity, there is a lesson for all of us in this unfortunate story.”

via Legal Implications of the Sterling Trust Dispute | Bilzin Sumberg – New Miami – JDSupra.

Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.