Tag Archives: Steve McNair

Steve McNair Estate unsettled after one year

It’s been just over a year since Steve McNair, the former NFL quarterback, was murdered on July 4, 2009, at the age of 36.  The Probate Lawyer Blog covered the initial drama surrounding Steve McNair estate in a series of articles.  In the months that have passed since then, the estate has been relatively quiet.  It’s been rather surprising given the early fireworks last summer.Steve McNair Estate

McNair died with an estate worth more than $19 million but without even a basic will.  It looked like trouble initially when his wife named their two kids as estate beneficiaries in the probate paperwork, but failed to list his other two kids (from two other mothers).  The family was far from harmonious even before McNair was killed.

McNair and his wife, Mechelle, had hired an artist to paint a family portrait.  The artist hadn’t been paid and filed a claim against the estate.  Before the estate settled and paid the artist $5,000, she revealed an email from McNair.  He wrote that his “wife Read more...

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Steve McNair’s widow facing estate tax nightmare

The Steve McNair Estate has been relatively quiet lately, after a fast start with plenty of fireworks.  You can read the Probate Lawyer Blog’s prior articles about it here.  But despite the apparent calm, there are still lessons to be learned.  Steve McNair Estate

The lawyers for McNair’s widow, Mechelle McNair, recently had to file a petition with the Tennessee probate court asking for funds to be released from a frozen trust account to pay taxes.  Ho hum, right?  Not so fast.

How much did she have to withdraw?  A cool $3.72 million — all for state and federal estate taxes that were due earlier this month.  And that’s just the estimated taxes that she has to pay now.  When the final determination of how much she, as the surviving spouse, will receive is calculated, that price tag may increase.  Her attorneys anticipate filing an amended tax return which may include even more money due to the IRS.

Why should this matter to you?  If Steve McNair had done the proper estate

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$19.6 million in Steve McNair’s Estate, and 1 wild claim

I’ve written articles before about the mess that murdered NFL quarterback Steve McNair left behind because he died without a will.  I had predicted a possible fight between his widow and the two minor children from prior relationships, because she didn’t list them as heirs on the probate filing.  The official story from the McNair camp is that they have to file claims with the Estate to be recognized as heirs, which they haven’t yet done even though they both have attorneys representing their interests.Steve McNair 2

My personal view:  it was inappropriate not to list the two kids, and perhaps his widow, Mechelle McNair, realized it afterward.  Regardless, it now appears that the children won’t have to fight to prove they are entitled to inherit, at least for now.

But even with one fight avoided, the Steve McNair Estate is far from easy.  First, there’s the matter of what’s in the estate.  His widow’s attorney recently filed an inventory listing estate assets at around $19.6 million.  Most of this money

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