D.E.A. Raid on NFL and Doctors: Opiod Prescription Risks

Dr. Zaheer Shah, MD, JD

A recent DEA operation included the surprise search and interview of players and staff including medical staff of several NFL football teams including the Washington Redskins and the Tampa Bay Buccaneers, according to news reports. This investigative action comes on the heels of a lawsuit filed on behalf of former players alleging that NFL doctors […]

Cincinnati Reds’ Aroldis Chapman sued for $18M – Asset Protection – MLB

TAX & LEGAL Planning for Pro athletes

It never ends. The MINUTE you make it the hands come out, the “investment opportunities” come pouring in, you are smarter, more handsome and more interesting than ever… and a group of people start working on a plan to separate you from your money.  We work with a variety of professional athletes and continually warn […]

Income Tax Deductions Professional Athletes and Their Managers Must Know About

TAX & LEGAL Planning for Pro athletes

Professional atheletes are great at making money but often lack the support and guidance they need to effectivelty keep it. Some Asset Protection issues address active threats, like lawsuits, others address more passive and predictable issues like income and estate taxes. This article provides a simple summary of taxation issues that professional athletes, their managers […]

Warren Sapp files for bankruptcy – $100K a month income won’t float his bills

HABITS OF WEALTH

Wealth is finite and fragile – we try to teach those we work with some simple basics, like the “habits of wealth”, the value of liquidity and being able to pay your bills for an extended period of time if your cash flow stops, as his might in August when his contract expires.  It’s not just […]

Asset Protection FAIL – NHL Player has Minimum Legal Auto Insurance in Accident

THE DANGER OF

It’s hard to believe but it’s true. NHL player Matt Moulson (who has  a $9MM Million dollar contract with the New York Islanders) slammed his Escalade  into a Subaru last year and injured the other driver. Not surprisingly, she and her attorney have declined his insurance carrier’s $25,000.00 offer. Yes, $25,000 is all the insurance he was carrying.   […]