Estate Planning and Probate Section

Once a part of the TBA Tax section, the Estate Planning and Probate section was created after it was determined that there was a need for a separate and distinct section. It now provides an annual CLE Forum and provides information through newsletters.

Chair
Stites & Harbison PLLC
401 Commerce St., Ste. 800
Nashville, TN 37219
LinkedIn: michaelgoode
(404)680-6295
Vice-Chair
Egerton, McAfee, Armistead &...
900 South Gay Street # 1400
Knoxville, TN 37902
(865)546-0500
Immediate Past Chair
Chambliss, Bahner & Stophel, P...
605 Chestnut Street, Suite 1700
Chattanooga, TN 37450
(423)756-3000
Staff Coordinator
Tennessee Bar Association
221 4th Avenue N. Suite 400
Nashville, TN 37219
(615)383-7421

Family Fights Trustees Over Control of Denver Broncos

An intrafamilial battle has erupted over control of the Denver Broncos NFL team, The New York Times reports. Franchise owner Pat Bowlen was diagnosed with Alzheimer’s and relinquished control of the organization to three trustees in 2014, who set a succession plan regarding the transfer of ownership between his seven children. One of Bowlen’s daughters, Beth Bowlen Wallace, is at the center of the dispute, arguing that she is best suited to direct the team because of her philanthropic work, experience as a manager of various businesses, her time as a director of special projects at the Broncos and her law degree. Several of Bowlen’s family members have now filed a lawsuit against the trustees demanding an independent overseer, a move the trustees have asked the NFL to arbitrate. The Broncos are currently valued at $2.6 billion.

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Tax Changes to be Aware of in 2019

The Tax Cuts and Jobs Act of 2017 has made sweeping changes to U.S. tax code, affecting estate planning, retirement contributions and insurance penalties. In addition, the IRS will be updating its tax brackets for 2019 to adjust them for inflation. This brief summary from CNBC puts these changes in a nutshell, offering a synopsis of issues relevant to your practice and allowing you to stay on top of these recent developments.

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