As I have previously discussed, roughly 180 former University of North Carolina basketball players will soon receive a $200 check from a trust created by their former coach, Dean Smith, with instructions to enjoy dinner on him. One of the former UNC players to receive a check is six-time NBA champion Michael Jordan, who described Smith as one of the largest influences in his life. Another player included as a recipient, Eric Montross, described Smith’s inclusion of these gifts in his estate planning as a typical action of his former coach who was often making a point to teach his team lessons. Montross describes this lesson as one of friendship.
See Eben Novy-Williams & Rob Gloster, Dean Smith Dinner Bequest Is One of His ‘Lessons’ to Team, Bloomberg, March 26, 2015.
Special thanks to Brian Cohan (Attorney at Law, Law Offices of Brian J. Cohan, P.C.) for bringing this article to my attention.
