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| Rita Benson Leblanc Posted by Souljah Is she suitable to own this team? Jeff Duncan thinks NO LINK  on 4/22 at 3:26 pmReply • Back to Top |
quote: Actually, he didn't really say that, holmes. Reply • Back to Top |
| saw that on Saints Talk. Not good at all. Reply • Back to Top |
| He definitely was hinting at it Reply • Back to Top |
quote: Reply • Back to Top |
quote: I don't know that it's really that big of a deal. There have been a lot of assumptions regarding the details of Benson's succession that were not necessarily the case or certainly not written in stone. Reply • Back to Top |
| Those who actually know things have been saying for a long time that Rita was not inheriting the team. It's going to a trust. Reply • Back to Top |
| Tom will live forever Reply • Back to Top |
quote: Yup. That's the likelihood. Reply • Back to Top |
quote: Probably a really stupid question but how does a trust work? Reply • Back to Top |
| I trust my mom. I don't trust any politicians. That covers it... I would think something like the way the Green Bay Packers are run. This post was edited on 4/22 at 5:58 pm Reply • Back to Top |
| Given all of his assets, a creation of a trust to control his sports teams would seem to be a tax dodge (which is why it'll happen). He should have been giving out portions of his teams and fortune for years, at a reasonable rate to avoid tax penalties. Maybe if all his heirs were underage, but even most of his grandchildren are over age of consent. So, the team(s) will be moved when he passes. Estate taxes on the Saints alone will be over 300 million.. Reply • Back to Top |
quote: Moved as in relocoated? Don't think so , brah Reply • Back to Top |
quote: sure thing buddy Reply • Back to Top |
| I just meant they will have to be sold off. If you inherit a team worth 900+ million, you have to pay the estate taxes on it. Even with a trust, there will be a hefty bill. That's why most families pass it down over time, spread it out. Given his advanced age, I don't think Benson can pass it over without consequences. Tax law isn't my area though.. I just know alot of teams have had problems with it.. Reply • Back to Top |
| ahh, I see. gotcha Reply • Back to Top |
quote: I'm fairly certain they've got it handled. There are variations on a simple trust. Reply • Back to Top |
| His wife should be able to inherit the non forced ( children ) portion without any taxes if she legally co owns it now. I am guessing this may be the case. Reply • Back to Top |
quote: If there's not prenup, she would be entitled to 1/2 of the gain on his property since marriage. It's not so simple. Reply • Back to Top |
quote: Tommy better have done a pre-nup Reply • Back to Top • Refresh |
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