Florida Estate Planning for professional athletes is very different than with a traditional client. Most clients accumulate wealth over a long period and have advisers in place to manage their wealth. Financial advisers are typically managing their wealth in an effort to protect it from substantial loss and the lawyers deal with methods of distributing the assets upon incapacity or death.
Most athletes accumulate their wealth in just a few years and need to have it last their entire life. They may not have the control or discipline to use a traditional revocable trust and in some cases irrevocable trusts may provide for stability and security that would be at risk otherwise.
If you are a professional athlete and looking at ways of doing Florida Estate Planning and would like to speak with a Florida Estate Planning Lawyer about methods of providing for the many years after your professional career Contact Us for a free consultation regarding Florida Estate Planning and Florida Asset Protection.