Sportsmen and Artists

The career of an athlete or artist often leads to a state of financial well-being that does not necessarily last a lifetime. In fact, it is not uncommon for such individuals to face financial difficulties just a few years after retirement, due to the mala gestio of substantial earnings made over a generally short period. To avoid such situations, the professional—whether an athlete or an artist—can establish a Trust into which a portion of their assets is transferred, with the goal of planning the long-term management of their personal and family wealth, ensuring:

• the allocation to themselves of a portion of the income in a scheduled and organized manner, based on their own needs and interests, thereby becoming a Beneficiary of the Trust’s income;

• the preservation and growth of the assets held in Trust, following a predefined plan and tailored investment strategies, so that the capital can potentially multiply and generate further investments to be made by the Trustee, thereby ensuring the continuity of their standard of living both during and after the end of their career, through the Trust.

By establishing a Trust, the professional athlete or artist:

  1. can focus entirely—without distractions—on their career, knowing that at its conclusion, they can rely on a solid asset base;
  2. by appointing the Trustee as the sole person responsible for the unified management of all or part of their assets, can count on careful and prudent administration of the estate, conducted with a primarily protective purpose and in a context of confidentiality and discretion—key elements considering the exposure and media pressure that athletes and artists constantly face;
  3. has access to a dynamic tool, capable of evolving in parallel with changing personal needs and family structure, which must meet both their own “wishes” (as they are both Settlor and Beneficiary), and the needs of future Beneficiaries, such as a future spouse and/or children;
  4. can benefit from a separate and segregated estate, distinct from their own, and therefore “immune” to future personal, professional, or business events that may negatively affect them. This ensures that nothing can hinder or frustrate the implementation of the Trust plan, allowing the individual to carry out their profession with peace of mind and protection;
  5. can plan the generational transfer of their wealth without complications or conflicts, while respecting inheritance laws. In particular, the Trust helps to avoid disputes and family conflicts related to inheritance—especially common in complex family situations, such as children from multiple marriages or partners, or non-marital unions—by ensuring that the financial claims of interested parties are addressed through well-considered and precise decisions in everyone’s best interest.

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