Rating: (0 votes - average)

Saints owner Tom Benson asks to resign as overseer of daughter's trust in Texas, wants independent trustee appointed



Saints and Pelicans owner Tom Benson said Monday he is willing to resign as steward of a Texas trust benefiting his daughter, who earlier this year sued to have him removed from that capacity.


While the trust’s bylaws state that Benson’s daughter Renee is to inherit control of the fund if her father steps down, Benson said in a Bexar County, Texas, Probate Court filing that his resignation would not go into effect unless a judge appoints an independent party to oversee the trust.


It was unknown Monday whether a judge would accept Benson’s proposal, which is an effort to wrap up one front of a multipronged legal dispute pitting him against members of his family.


In the filing Monday, Benson’s attorneys said an impartial steward for the trust is necessary in view of the broader dispute between the billionaire and his relatives over his mental health and the future of his business empire.
Benson’s filing expressed disappointment at what he calls his daughter’s “ingratitude” over tens of millions of dollars he has loaned to the trust, some of which was used to purchase expensive homes and ranch land for Renee and her children.


Saints owner Tom Benson asks to resign as overseer of daughter's trust in Texas, wants independent trustee appointed | The Advocate — Baton Rouge, Louisiana


well let the SP rumors start up all over again

QBREES9

Rich people's problems.

The Dude

It will be our problem when we have to try and lure another football franchise here.

hagan714

never rest easy when ownership is in flux. never