Death, Estate Taxes, and the Super Bowl - Go Steelers!
Today is the big day - the day when the five-time Super Bowl Champions of the World, the Pittsburgh Steelers, take on the Arizona Cardinals, who are the true Cinderella story of the 2008 NFL season. What does this have to do with estate planning? Everything for these two teams.
On Friday in his PA Elder, Estate & Fiduciary Law Blog, Harrisburg attorney Neil Hendershot gives an excellent history of the 2008 run by an outsider, Stanley Druckenmiller, to buy the family-controlled Steelers - Steelers and Estate Tax.
Mr. Hendershot points out that the Arizona Cardinals are also family-controlled and facing the same estate planning and death tax issues as the Steelers.
As I reported last Monday in Death, Estate Taxes, and the Pittsburgh Steelers, Stanley Druckenmiller bowed out from his bid for the Steelers in September 2008 because the Rooney family, who has owned a part of the Steelers continuously since 1933, couldn't agree on the terms of the deal. According to Mr. Hendershot, the future of the Steelers was resolved in early December 2008 when the five Rooney sons struck a deal for two sons to "completely divest themselves" of their shares and two other sons to sell some of their shares to current Steelers Chair Dan Rooney.
As Mr. Hendershot points out, now that the fate of the Pittsburgh Steelers has been decided, you are free to focus all of your attention today on the Super Bowl.
GO STEELERS!
On Friday in his PA Elder, Estate & Fiduciary Law Blog, Harrisburg attorney Neil Hendershot gives an excellent history of the 2008 run by an outsider, Stanley Druckenmiller, to buy the family-controlled Steelers - Steelers and Estate Tax.
Mr. Hendershot points out that the Arizona Cardinals are also family-controlled and facing the same estate planning and death tax issues as the Steelers.
As I reported last Monday in Death, Estate Taxes, and the Pittsburgh Steelers, Stanley Druckenmiller bowed out from his bid for the Steelers in September 2008 because the Rooney family, who has owned a part of the Steelers continuously since 1933, couldn't agree on the terms of the deal. According to Mr. Hendershot, the future of the Steelers was resolved in early December 2008 when the five Rooney sons struck a deal for two sons to "completely divest themselves" of their shares and two other sons to sell some of their shares to current Steelers Chair Dan Rooney.
As Mr. Hendershot points out, now that the fate of the Pittsburgh Steelers has been decided, you are free to focus all of your attention today on the Super Bowl.
GO STEELERS!
- Death, the Future of Estate Taxes, and NFL Football
- Overview of Current Federal Estate Tax Laws
- Predicitions About the Future of the Federal Estate Tax
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