${site.data.firmName}${SEMFirmNameAlt}
Local
310-324-9403
Toll-Free
866-402-1805
<#if page.ID == "About"> In This Section
<#else> View Our Practice Areas

Pour-Over Will Keeps Buffalo Bills Fans In The Dark

When the team's owner died in March, crucial details of his wishes weren't in a will, but in a trust agreement, which is not public information.

Ever since Buffalo Bills founder Ralph Wilson, Jr. passed away, Bills fans have been unsure of their team's future. Will the team stay in Buffalo?

Unfortunately, Wilson never made a public statement about what would happen to the team after his death. Fans hoped they could learn from Wilson's will whether he directed that the team be sold to someone who would promise to keep the team in Buffalo. However, as the Buffalo Newsreports in a recent article titled "Ralph Wilson's will leaves no clue about sale of Bills," Wilson used estate planning tools to keep the details of his estate private.

Wilson's will is a pour-over will. It leaves all of his property to a previously created Michigan trust. Under Michigan law, the details of the trust are not public. This leaves fans unable to determine if there are any stipulations concerning the sale of the Bills. The key might be whether the trust is a charitable trust. If it is a charitable trust, then by law, the team would have to go to the highest bidder. If it is not a charitable trust, then other considerations could color the decision regarding which bid the trust will ultimately accept. In Michigan, charitable trusts must register with the state and Wilson's trust has not done so. However, that does not mean it will not register at a later date.

Many people want to keep the details of their estates private, just as Wilson did. Trusts are a great way to do that, even if it leaves fans of your professional football team in the dark as to its future.

No Comments

Leave a comment
Comment Information
Email Us For A Response

Find Out The Difference That Experience And Expertise Makes

Get the peace of mind that you deserve. First, attend a seminar. This will entitle you to a free initial consultation and a discounted estate planning fee. To learn more about our services or sign up for a seminar, contact us online or call us at 866-402-1805. We have offices in Torrance, Orange, Newport Beach, Pasadena and Woodland Hills.

Questions? Contact Us.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Call Now For A Free Consultation: 866-402-1805
  • ${site.data.firmName}${SEMFirmNameAlt}
  • Main Office: Torrance

    Torrance Office
    990 West 190th Street
    Suite 500
    Torrance, CA 90502

    Toll Free: 866-402-1805
    Map & Directions

    Orange Office
    333 City Boulevard West
    17th Floor
    Orange, CA 92660

    Toll Free: 866-402-1805
    Map & Directions

    Newport Beach Office
    5000 Birch Street
    Suite 8000
    Newport Beach, CA 92660

    Toll Free: 866-402-1805
    Map & Directions

    Pasadena Office
    790 East Colorado Boulevard
    9th Floor
    Pasadena, CA 91101

    Toll Free: 866-402-1805
    Map & Directions

    Woodland Hills Office
    5850 Canoga Avenue
    4th Floor
    Woodland Hills, CA 91367

    Toll Free: 866-402-1805
    Map & Directions

    Office map