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Celebrity Estates: Pat Bolan and the Future of the Denver Broncos

Pat Bolan was an American lawyer and owner of the Denver Broncos. He served as CEO of the Broncos until July 2014, when he stepped down due to the progressive effects of Alzheimer’s disease. He passed away in 2019. Their estate plan was unique because of the family trust, which three trustees took over in 2014 with the sole purpose of determining the team’s next owner.

In this episode, David Lennox is joined by Dan Griffith, senior vice president and director of wealth strategy at Huntington Private Bank, to review Pat Bolan’s estate plan and how the trust came into effect. He explains why business owners are more often forced to retire and how to choose the best advisors to meet their estate planning needs.

Dan discusses:

  • Why choosing a new owner for the Broncos caused problems among Pat’s descendants;
  • How your estate plan benefits from choosing a trustee before you become incapacitated;
  • Importance of choosing trustworthy and good advisors for an estate planning; And
  • Why It’s Hard to Just Retire as a Business Owner

Browse more episodes in this podcast series…

Celebrity Estates: Wills of the Rich and Famous is available on the Podcast Apple Podcasts, Android, sewing machine And wherever podcasts are found.

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