Shannon has been with Stoll Keenon Ogden’s Lexington office since 2002. She is a Member of the Business Services and Equine Transactional practices and the Group Leader of the Trusts & Estates practice. Shannon also serves on the board of directors for the firm.
Shannon works primarily with owners of thoroughbred racehorses a variety of equine transactional matters as well as business succession and estate planning. She represents many prominent thoroughbred operations in Kentucky and throughout the world.
Through her service to clients at SKO, Shannon builds on a family history that complements the firm’s legacy in the equine industry. Her father, the late William T. “Buddy” Bishop III, grew up on Keeneland’s grounds and ended up at the helm. He was also a partner at SKO, and she worked with him at the firm until his passing in 2008. Shannon’s grandfather, W.T. Bishop (“Bish”) was the first general manager of Keeneland when the track opened in 1936.
Shannon is a member of The Jockey Club, and lives on Foxtale Farm with her husband and two daughters.
Trusts & Estates: Shannon has helped multigenerational families plan for their estates following the sale of their businesses, allowing for a smooth transition of ownership. Her experience includes the preparation and/or implementation of Delaware Trusts.
Business Services: As part of her counsel to racetrack and equine industry organizations, Shannon has been instrumental in advancing safety and integrity standards in the Thoroughbred industry. As counsel to Thoroughbred owners, breeders and stallion farms, Shannon is regularly involved in the acquisition and sale of significant Thoroughbreds, including breeding interests. She also advises clients on the structuring of ownership of equine operations.
Equine Transactional: Shannon represents Keeneland Association, Breeders’ Cup Limited, Thoroughbred Owners and Breeders Association (TOBA) and National Thoroughbred Racing Association (NTRA), among other leading equine organizations. She negotiates and drafts agreements, and advises on rules governing the conduct of racing and sales.
SKO aided in the creation and formation of a non-profit Equine Tourism entity designed to garner tourism onto Central Kentucky horse farms and increase fan support and awareness in the sport of horse racing.
Represented multi-generation family in planning for their family and estates after the sale of the family business, including preparing and/or implementing Delaware Trusts, a charitable lead annuity trust, limited liability companies, sale to dynasty trusts and valuation discounts as well as assisting in the administration of the estates of several family members after their unexpected deaths.
Represented a corporate trustee in amending multiple 1950s trusts to be directed trusts, transferring administration of the trusts to Delaware and obtaining a private letter ruling from the Internal Revenue Service to confirm the continuing applicability of the generation-skipping tax grandfathered exempt status of the trusts.