Lakers Stake Dispute Highlights Estate-Planning Lessons for the Wealthy
Jeanie Buss has sought to block a sale of the family’s Lakers stake as five of six siblings push to monetize the share held in a trust that uses a 'last man standing' provision. The dispute underscores how such clauses can strain family relationships and complicate succession in multigenerational enterprises. Lawyers suggest smoothing transitions with strategies like using life insurance to compensate heirs, consolidating control under a single trustee or a pot trust with independent oversight, and rethinking who governs a family business. The case also foreshadows broader tensions as a large wealth transfer accelerates across generations.
