A Game Plan For Success: Basic Estate Planning For Student-Athletes

Highlights

• Following changes in state laws, NCAA regulations and other legal action, student-athletes now are able to generate income through name, image and likeness (NIL) deals based on marketing, appearance and licensing fees.
• Given these opportunities, and considering healthcare and other decisions that student-athletes are able to make for themselves upon turning 18, it is important for them to implement appropriate basic estate planning documents to take control over their financial and other decisions.
• This Holland & Knight alert reviews some of the key issues student-athletes can face with regard to NIL, healthcare and other matters.

A new era for student-athletes continues to take shape. Historically, student-athletes have generally been unable to monetize their athletic careers until post-college due to NCAA amateurism rules, but with state laws limiting the NCAA's prior restrictions on student-athletes' ability to derive revenue on their