Confidential Settlement In Gene Upshaw Estate

Confidential Settlement In Gene Upshaw Estate

 

Today's Washington Post has reported that an estate contest between members of NFL football great Gene Upshaw's family has ended in a confidential settlement. Evidently, that portion of his estate which drew the most fire was the disposition of a $15 million deferred compensation fund which the NFL Players Association paid to his widow. This payment had been previously undisclosed and raised a myriad of issues not only in the Upshaw family but also in the NFL where players were aghast that the late head of their union had received such a large benefit.

The action was started by Upshaw's son who sought to set aside a will leaving the entire estate to his stepmother, the football star's second wife. The settlement hides the details of a controversy which has attracted a lot of negative attention from former NFL players whose pension benefits --sometimes as little as $200 monthly--  are insignificant when compared with the payment made to Upshaw's widow. It may well be that the prospect of fighting a family battle in a court of public record where there are no secrets suddenly seemed to be a really bad idea giving new meaning to the old maxim that "a bad settlement is better than a good lawsuit."

Read more on Phil Bernstein's  New York Probate Litigation Blog 

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