• Blog Post

    TRUST MODIFICATION ACTIONS: THE TWISTS AND TURNS OF AMENDING THE BLACK MAMBA’S TRUST FOR THE BENEFIT OF HIS INFANT DAUGHTER

    In 2003, Kobe Bryant created a trust for the benefit of his wife, Vanessa, and their children.  Last amended in 2017, the trust does not provide for their nine-month-old daughter, Capri.  If Kobe were still alive, the trust could have been amended with relative ease by his signing an amendment drafted by his estate planning lawyer.  However, since his tragic passing, the trust became irrevocable (i.e., Kobe is no longer alive to revoke or amend the trust) and any modifications to that instrument will require court approval. As such, on March 17, 2020, Vanessa filed a Petition to Modify Trust in Los Angeles Superior Court.  So what is required to…