[gunsmithkat]

I’m no lawyer but the Trust only involves the physical property. It has nothing to do with contracts entered into by the owners of the business. It makes good sense to put the property into a trust as it avoids all kinds of probate issues on the death of the principal.

[Stanwood_Dave]

I can recall when Washington Redskins heirs had to sell their stadium, to pay the inheritance taxes. The result of no estate planing.

Joe Robbie saved anywhere from $2000.00 to maybe close to $8000.00 dollars {price from the law firm Dewey, Doem, Screw-em, Cheetam, Righteously and Howe} in estate planning, costing the heirs millions of dollars.

http://www.forbes.com/sites/mikeozanian/2016/07/26/the-next-three-nfl-teams-that-might-be-sold/#3f358f9074e0

Source: www.forbes.com When {Washington Redskins} team owner Joe Robbie died in 1990 his family didn’t have the money to pay the estate taxes.