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.
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Working closely with their business managers and accountants, we help create tax-efficient ownership structures for our clients' assets and services, including their use of personal service companies.
We provide a fully integrated service for sports and entertainment clients. In addition to helping them establish wealth preservation and tax strategies, we can also help them achieve their broader entrepreneurial and philanthropic goals.
To this end, we provide guidance on the special legal needs of those with celebrity status and valuable "brands", as well as assistance with all manner of sophisticated tax planning and investment structuring for these high profile clients.
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Ivan A. Sacks
DD: +1 212 848 9820
Email me
Hugh Devlin
DD: +44 (0)20 7597 6018