Glenn E. “Bo” Schembechler, Jr., is one of the most respected names in the history of college football. And, no, I’m not saying that just because I graduated from the University of Michigan (twice). He built one of the most successful football programs around, and it excelled for decades.
Coach Bo died of heart disease on November 17, 2006, at age 77. He was survived by his second wife, Kathryn, his son, Glenn III, and two children of his beloved first wife, Millie, whom Bo had adopted (a third adopted son died before him).
From an estate planning perspective, Bo did everything right to avoid a family fight after he passed. He created a living trust, which was quite detailed and left the income from his assets to his wife, Kathryn, passing from there to his son Glenn III (known as “Shemy”), and then onto his grandchildren and Kathryn’s grandchildren.
He chose Kathryn as his successor trustee to manage his trust after he passed. As part of this responsibility, Kathryn