Pat Bowlen was an American lawyer and partial proprietor of the Denver Broncos, alongside along with his two brothers and sister. He served because the Broncos CEO till July 2014, when he stepped down on account of progressive results of Alzheimer’s illness, and handed away in 2019. His property plan was distinctive as a result of household belief in place, with the three trustees taking on in 2014 with the only real goal of figuring out the subsequent proprietor of the crew.  

On this episode, a replay from earlier this yr, David Lenok is joined by Dan Griffith, senior vice chairman and director of wealth technique at Huntington Non-public Financial institution, to assessment the property planning of Pat Bowlen and the way the belief got here into impact. He reveals why enterprise house owners are compelled out extra usually than retire and the way to decide on the perfect advisors to deal with your property planning wants. 

Dan discusses:

• Why selecting a brand new proprietor for the Broncos precipitated points amongst Pat’s descendants;
• How selecting trustees earlier than you might be incapable advantages your property plan;
• The significance of selecting reliable and good advisors for an property plan; and
• Why it’s tough to easily retire as a enterprise proprietor.

Browse extra episodes on this podcast collection. … 

The Celeb Estates: Wills of the Wealthy and Well-known podcast is obtainable on Apple Podcasts, Android, Stitcher and wherever podcasts are discovered.