Don't Drop the Ball: Estate Planning for Professional Athletes

August 11, 2017

ABA Entertainment and Sports Lawyer Archive Summer 2017 Volume 33 Issue 4

By: Carole M. Bass

While the financial and estate planning needs that professional athletes face are similar in many ways to the needs of other high net worth clients, they are, in other ways, quite different. Most professional athletes have a high earning, but highly compressed career span, accumulating wealth over a short period of time at a relatively young age. The arrogance of youth coupled with the social pressures that many professional athletes face to live beyond their means can be a disastrous combination.

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