Originally Posted by Yachtzee
Don't know. It may not pass directly to Katie depending on what kind of estate taxes would be incurred by doing so, possibly up to 40% of the value of the team. Paul Brown avoided it by working out a deal to sell the team to another investor on the condition that Mike could buy those shares back after a certain amount of time passed after Paul's death.
It's my understanding that they're in the process of transfering the team to Katie and her brother and if it's not complete already, it will be soon. In other words, the plan is for this to be done well before Mike's passing. As I recall, Katie will be the controling partner. It'll be her team. They are prepared for the estate tax aspect of it. That's why they're doing the transfer now.