A Huge Break

I was going to make this point yesterday, but put it under the "too soon" category.  By dying yesterday, George Steinbrenner saved his family hundreds of millions of dollars.  With the Estate Tax not in force in 2010, it’s conceivable George passed everything he owned on to his children.  I say conceivable because it’s also possible everything went to his wife. This is obviously a huge issue for Yankees fans because if George passed the team onto his children in his will, his kids can just go on running things as they are and not have to worry about an enormous tax liability. 

I’m sure we will learn more about this when Hal holds a press conference and addresses these types of questions.