The announcement was made Friday, a few days before Ernie Banks’ eighth death anniversary on Jan. 23. Banks, known worldwide as “Mr. Cub,” passed away in 2015 at the age of 83.
Almost eight years later to the day of legendary Chicago Cubs player Ernie Banks’ passing, a confidential settlement was agreed upon over his estate, according to a news release.
Elizabeth Banks and his three children were not named in his will, Linda C. Chatman, of Chatman Law Offices, who represented Rice in the estate case, said.Rice said she and Elizabeth Banks have “come to a resolution and compromise” and can now move forward in a positive light on behalf of Ernie Banks. She said she is still the executor and trustee of the Ernie Banks’ estate, and “a beneficiary.”
“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 said. “As trustee, Regina will continue to control and manage the trust, including any use of Ernie’s name and likeness.” Elizabeth Banks was married to Ernie Banks at the time of his death, but the two had been separated since 2007, Chatman said.
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