Wright Abshire, Attorneys, A Professional Corporation
Houston: 713-660-9595
The Woodlands: 936-273-2773
Fayette County: 979-278-4095

Tom Benson wins 1 battle over his estate plan, 2 more to go

Tom Benson, the man who owns sports franchises and other businesses in Texas and Louisiana, has been found competent to run his empire. That ruling came as a result of his daughter and her children trying to get the man declared incompetent in court so that the changes he made to his estate plan six months ago wouldn't be upheld.

Six months ago, Benson opted to put his current wife first in line to control his empire. He disowned his daughter and her two children. The disowned heirs claimed that Benson wasn't mentally able to control his estate and that his new wife was manipulating him to change his estate plan.

Benson was evaluated by three psychiatrists. Each side chose a psychiatrist. Those two psychiatrists chose the third. After eight days of testimony, the judge issued the ruling that Benson is mentally competent to make his own decisions.

Even if Benson's estate plan remains as it is now, the disowned heirs will still stand to inherit millions. Another battle is looming in federal court because Benson is attempting to change assets in irrevocable trusts for his two grandchildren and his daughter. His goal is to remove their stakes of ownership in his businesses and sports teams.

A third court battle is ongoing in a Texas probate court over another trust involving his daughter. That case doesn't involve the sports teams, but it does involve business interests for Texas businesses.

The Benson case shows how much contention changes to estate plans can cause. Still, it is often better to deal with the contention while you are living so that you can show you were competent to make the choices you made. If you have concerns about your estate plan, today is the day to review the plan, find out if you need to make changes and execute those changes while you still can.

Source: The Wall Street Journal, "Judge Rules Saints, Pelicans Owner Tom Benson Competent to Run Businesses," June 18, 2015

No Comments

Leave a comment
Comment Information

We Believe in Client Satisfaction Here is what our clients say about our hands-on approach to elder law and estate planning.

  • Thank you for your caring expression of sympathy. But more importantly, I want you to know how much your warmth as human beings has been palpably present in all the social and business intercourse we have experienced with you. Your willingness to allow yourselves to be completely human as you ply your trade adds a dimension to your professional stature which is unparalleled by most of your profession. Please don't change. You stand head and shoulders above the crowd. - L.T
  • Everyone in the firm was extremely cordial, courteous and professional, which made our family feel at ease knowing that our needs would be expertly managed. - R.L.
  • Everyone I came in contact with were kind and helpful. They were so professional as well as personable. I loved them. - J.B.
  • Very helpful in a family time of need. Excellent staff and service. After dealing with the State I have no idea how anyone could take this journey without the law firm's services. - L.N.
  • The firm did all things especially well. I was always impressed by the competent manner in which everyone worked and was confident that it would be "mission accomplished..." – J.T.
  • No detail was overlooked. Everything went very well. We feel so fortunate that your firm is well informed, capable and willing to do so much for us. I can't thank you enough for everything! - N.C.
Learn More
Email Us for a Response

Have a question about elder law in Texas? We can help. Schedule A Consultation Now

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

"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."

Contact Our Texas Elder Law Attorneys Today We have 3 locations to better serve you. Contact our office closest to you.

Bellaire Office
4949 Bissonnet Street
Bellaire, TX 77401

Phone: 713-660-9595
Fax: 713-660-8889
Bellaire Law Office Map

Bellaire Office

The Woodlands Office
3117 College Park Drive, Suite 240
The Woodlands, TX 77384

Phone: 936-273-2773
Fax: 713-660-8889
The Woodlands Law Office Map

The Woodlands Office

Carmine Office
1055 Deer Haven Road
Carmine, TX 78932

Phone: 979-278-4095
Fax: 713-660-8889
Carmine Law Office Map

Carmine Office
Back To Top