Control Is Key
"Bankrupt artist forced to sell rights to life's work."
"Sports star's family loses millions to estate taxes."
"Singer's surviving children bitterly contest will."
These are the kind of headlines you don't want to make. You've worked too hard to let the rewards of your efforts go unprotected.
The McLawhorn Firm specializes in limiting your exposure to risk, guarding your assets and creating a smart plan for the future. We help athletes in all sports and entertainers in all fields develop tailored asset protection and estate planning strategies that include:
- Easing the stress of the disposition process. By clearly identifying your beneficiaries, you leave your loved ones with a legacy, not conflict or heartache. We'll help you lay down the rules for your inheritance by setting up fiduciary or marital trusts, a children's trust, even a foundation or a nonprofit in your name.
- Minimizing taxation. With no plan in place, the IRS can take up to 35% of your estate away from the family you've worked so hard to provide for. Our familiarity with the tax code, inheritance tax statutes and exemptions and estate tax reduction strategies can help you avoid costly payouts and direct more money towards your loved ones.
- Ensuring you can get to your money when you need it most-in retirement or before. We'll work with your financial services team to structure your estate so that you retain access and control after you retire or in challenging situations, such as during a prolonged legal battle.
- Making your wishes easy to access and understand. When the unthinkable happens, your family and friends will have enough burdens on their hearts and minds. Remove the guesswork and relieve the pain of difficult decisions by designating power of attorney. We can help, and we can structure your estate to minimize or avoid estate and probate litigation.
Personal, Professional, Proficient
Why do athletes and entertainers turn to The McLawhorn Firm for estate planning and asset protection?
- Experience. We understand the complexities of your world. Royalties, endorsements, contracts, IP, licensing and other arrangements are not foreign concepts to us.
- Discretion. We are committed to discretion and respect your privacy at every turn. This includes creating vehicles that keep private, during your life and afterwards, how you've chosen to handle the specifics of your estate.
- Convenience. Yes, we cater to hectic schedules. We'll bring everything right to you wherever you are-by car, plane or train-on a day and time that works for you.
Your Estate Plan Essentials
People don't always like to think about the future-but the smart ones are ready for it. We recommend that all of our clients have at the very least an estate plan that includes:
- Last Will and Testament
- Healthcare Power of Attorney
- Financial Power of Attorney
- Living Will
Have questions? You're not alone. Read some common ones-with answers - here.
Learn more about estate planning and trusts, asset protection and trusts and nonprofit law.
