The recent $10 billion sale of the Los Angeles Lakers provides a powerful cautionary tale about Estate Planning, family conflict, and business succession. Despite a sophisticated Trust designed to keep ownership in the Buss family, structural flaws and sibling rivalries ultimately dismantled Jerry Buss’s legacy. This case illustrates why even well-drafted Estate Plans can fail when they ignore real-world dynamics. Learn the critical lessons every family business owner should consider before it’s too late. Continue reading to learn more.
Founder; Attorney at Morrison Law Group, PLC
Ronald “Chip” Morrison, Jr. is a Board Certified Estate Planning Law Specialist as certified by the Louisiana Board of Legal Specialization. He is admitted to practice before all State courts in Louisiana. He is also admitted to practice before the United States District Court for the Eastern and Middle District of Louisiana. Read More!
Latest posts by Ronald "Chip" Morrison (see all)
- National Make-a-Will Month - August 1, 2026
- Dying Without a Will in Louisiana: Can Unexpected Heirs Inherit? - July 22, 2026
- Don’t Wait For A Crisis: Begin The Long-Term Care Talk With Parents Now! - July 20, 2026
