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Posted on 4/22/12 at 6:13 pm to Jester
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..
Estate taxes on the Saints alone will be over 300 million..
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