ganesh Posted November 27, 2012 Share Posted November 27, 2012 Just my 2 rupees. \ :thumbsup: Link to comment Share on other sites More sharing options...
BillsFan-4-Ever Posted November 27, 2012 Share Posted November 27, 2012 somebody needs to make Ralph an offer he can't refuse. Link to comment Share on other sites More sharing options...
BringBackFergy Posted November 27, 2012 Author Share Posted November 27, 2012 somebody needs to make Ralph an offer he can't refuse. Where is Luca Brazzi when you need him?? Link to comment Share on other sites More sharing options...
cliffordhicks Posted November 27, 2012 Share Posted November 27, 2012 (edited) This is a great topic. So important to the dynamic of the Buffalo Bills. I am in insurance- the 1 thing not mentioned here yet is the unknown---> Ralph could easily have already covered his estate tax burden w/ life insurance. No sense in paying any tax by selling the team now. Get the step up at Basis at death, like you say. if they sell it for more than the fari mkt value, they will be happy to pay a little tax then as is more money in their pocket. But w/ the insurance, all he would have paid is the insurance premium and he could have done that w/ a trust (ILIT) and using his beneficiaries and gift them each 13K x 2 (Ralph & wife) = 26K to lower estate value and to pay insurance. Thus when they pass, the estate tax is covered by the death benefit. No tax, just insurance premiums. The question is, what has Ralph done- we may never know. I assume he has handled this. Look at Miami & Washington. Both their teams changed ownership real fast w/ untimely deaths of their owners. My thinking is Ralph learned from past mistakes and took advantage of living long and locked up his legacy w/ some simple insurance planning. Here's hoping for his family's sake, he didn't mis-manage his fortune like he has mis-managed his football team. Edited November 27, 2012 by cliffordhicks Link to comment Share on other sites More sharing options...
KD in CA Posted November 27, 2012 Share Posted November 27, 2012 Where is Luca Brazzi when you need him?? Sleeping with the fishes. Link to comment Share on other sites More sharing options...
K-9 Posted November 27, 2012 Share Posted November 27, 2012 Sleeping with the fishes. Tell Pauly not to forget the cannoli. GO BILLS!!! Link to comment Share on other sites More sharing options...
dollars 2 donuts Posted November 27, 2012 Share Posted November 27, 2012 I think the most convincing interpretation is the simplest one: that Wilson sees his ownership as keeping him alive, and that if sold them he'd die shortly thereafter. The Bills give him a reason to get up in the morning. Without them, he doesn't have one. I think a great big heaping portion of this is spot on. Link to comment Share on other sites More sharing options...
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