Originally Posted by WMR
I wonder what sort of estate tax you pay on an asset like that?
I believe it is rather simple. You take the value at the time of death and then apply the estate tax. The estate tax is permanently set at $5M adjusted for inflation. So for whatever the value of the franchise is at the time of death minus $5M and then you pay estate taxes on the difference.
@SeaRay the transfer would have to take place over a long period of time. There may be other ways of transferring money that I do not know if, but according to the IRS you are allowed to gift someone $14000 or $28000 if you are married free of tax. In August of 2012 Forbes valued the Bengals at $871M. That would take a long time in regards of gifting in order to get Pumpkin the controlling stake.