Athletes & entertainers

In several respects, athletes and entertainers are a unique group within today's community of successful individuals and families. The particular nature of their success means they need special counselling when it comes to wealth, tax and estate planning advice.

Unlike most wealthy people, athletes and entertainers often have public lifestyles, short career spans with very high income streams, several sources of income (including salary, royalties, contingent or bonus income and payments for appearance, promotions, endorsements etc), and unique assets such as copyright or artwork.

The firm has a wealth of experience and knowledge in advising successful athletes and entertainers in many fields. This background equips us to help clients develop customized plans to preserve their wealth beyond their initial careers and for generations to come by working to mitigate exposure to income, estate and gift taxes.

Recent work

  • Setting up a charitable foundation for a famous athlete and giving ongoing guidance in order to assure tax compliance, reputational risk management and success for its charitable goals.
  • Advising a renowned international athlete moving to the United States on his pre-immigration tax planning and the negotiation and structuring of licensing and advertising agreements.
  • Successful defense of a copyright infringement claim asserted against an international jazz musician, arising from his preparation of a musical score for a feature film.
     

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