Author Description

It is widely recognized today in the sports industry that professional athletes squander their fortunes at alarming rates. While most athletes and their advisors focus on Wealth Offense (accumulating wealth), few pay any attention to Wealth Defense (protecting that wealth). This flies in the face of the old sports adage that Defense Wins Championships. Authors David B. Mandell and Jason M. O'Dell have helped over a 1,000 high wealth clients across the country protect their assets from the most common risks professional athletes face- from lawsuits, divorce, and bankruptcy, to high taxes, creditor claims, poor investments and more. In Defense Wins, the authors include lessons on asset protection, tax planning, corporate structure, estate planning, insurance planning, asset management and more. The book includes concise, easy-to-read lessons for advisors and their clients about Wealth Defense planning, with each chapter incorporating case studies and examples that demonstrate the consequences of failing to protect wealth. The material covered in this book is must-know information for advisors, agents and managers who understand and take seriously their fiduciary duty to their professional athlete clients.